A mutual aid contract is to be concluded by specifying the monthly premium.
共済契約は、掛金月額を定めて締結するものとする。
The monthly premium is to be 1,000 yen or more and an amount obtained by multiplying 500 yen by an integer, and must not exceed 70,000 yen per mutual aid policyholder.
掛金月額は、千円以上であつて五百円に整数を乗じて得た額とし、共済契約者一人につき七万円を超えてはならない。
Read this with the articles around it
mutual aid contractmachine translation
「共済契約」
A contract under which a small-scale enterprise (小規模企業者) promises to pay premiums (掛金) to 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), and the Organization promises to pay a mutual aid benefit (共済金) as the Small Enterprise Mutual Relief Projects Act provides when that person's business is closed or a similar event occurs.
Defined inArticle 2, paragraph (2)· applies throughout the law
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