Where the Organization has made a loan to a mutual aid policyholder or former mutual aid policyholder under Article 15, paragraph (2), item (viii) of the Act on the Organization for Small & Medium Enterprises and Regional Innovation, Japan, Independent Administrative Agency, and there is still loan principal or interest to be repaid after the lapse of a period specified by Order of the Ministry of Economy, Trade and Industry after the due date for repayment of that loan, the Organization may, beginning with the premium unit with the smallest number of months of paid premiums among the premium units concerning the premiums paid by that mutual aid policyholder or former mutual aid policyholder, successively draw down the premiums paid for that premium unit and apply them to repayment of that loan principal or interest.
For the purpose of applying Article 9, paragraph (1) and Article 12, paragraph (1) to a mutual aid policyholder or former mutual aid policyholder whose number of months of paid premiums has decreased because premiums were drawn down pursuant to the provisions of the preceding paragraph, that number of months of paid premiums is deemed not to have decreased.
Read this with the articles around it
the Organizationmachine translation
「機構」
The Organization for Small and Medium Enterprises and Regional Innovation, JAPAN (独立行政法人中小企業基盤整備機構), an incorporated administrative agency, with which small-scale enterprises (小規模企業者) conclude mutual aid contracts (共済契約) and which pays the mutual aid benefits (共済金).
Short name set inArticle 2, paragraph (2)
mutual aid policyholdermachine translation
「共済契約者」
An individual business operator, or an officer of a company or of a small and medium-sized enterprise organization (中小企業団体), who is a party to a mutual aid contract (共済契約).
Defined inArticle 2, paragraph (3)· applies throughout the law
premium unitmachine translation
「掛金区分」
Each 500-yen unit into which the premium (掛金) paid for each month is divided, in order, to work out a mutual aid benefit (共済金), which is the total of the amounts worked out for each unit.
Short name set inArticle 9, paragraph (2)
Act on the Organization for Small & Medium Enterprises and Regional Innovation, Japan, Independent Administrative Agencymachine translation
「機構法」
Short name for the Act on the Organization for Small & Medium Enterprises and Regional Innovation, Japan, Independent Administrative Agency (Act No. 147 of 2002).
Short name set inArticle 16-2, paragraph (1)