Notwithstanding the preceding Article, the Organization may, at the request of a mutual aid policyholder, pay all or part of the mutual aid benefits by installment payment; provided, however, that this does not apply in any of the following cases:
where the amount of the mutual aid benefits is less than the amount specified by Order of the Ministry of Economy, Trade and Industry;
共済金の額が経済産業省令で定める金額未満であるとき。
where a ground set out in Article 9, paragraph (1), item (i) or item (ii) arises with respect to a mutual aid policyholder and that person is under 60 years of age on the day on which the ground arises;
where a mutual aid policyholder requests that part of the mutual aid benefits be paid by installment payment, and the amount subject to installment payment prescribed in the following paragraph is less than the amount specified by Order of the Ministry of Economy, Trade and Industry, or the amount obtained by subtracting the amount subject to installment payment prescribed in that paragraph from the full amount of those mutual aid benefits is less than the amount specified by Order of the Ministry of Economy, Trade and Industry.
Where a mutual aid policyholder intends to receive payment of part of the mutual aid benefits by installment payment, the request under the preceding paragraph must be made by specifying the amount of that part of the mutual aid benefits for which the policyholder intends to receive payment by installment payment (referred to in this Article as the "amount subject to installment payment").
The payment months for mutual aid benefits paid by installment payment are January, March, May, July, September and November of each year; provided, however, that mutual aid benefits that should have been paid in the previous payment month are to be paid even in a month that is not a payment month.
分割払の方法による共済金の支給期月は、毎年一月、三月、五月、七月、九月及び十一月とする。ただし、前支給期月に支給すべきであつた共済金は、その支給期月でない月であつても、支給するものとする。
The period of payment of mutual aid benefits by installment payment (hereinafter referred to as the "installment payment period") is, at the election of the mutual aid policyholder, either 10 years or 15 years from the first payment month after the request under paragraph (1).
The amount of the mutual aid benefits for each payment month (hereinafter referred to as the "installment mutual aid benefit") is the amount obtained by multiplying the amount of the mutual aid benefits (or, where part of the mutual aid benefits is paid by installment payment, the amount subject to installment payment) by the rate specified by Cabinet Order according to the installment payment period (referred to as the "installment payment rate" in paragraph (2) of the following Article).
Where, pursuant to the provisions of paragraph (1), it has been decided that part of the mutual aid benefits is to be paid by installment payment, the amount obtained by subtracting the amount subject to installment payment from the full amount of those mutual aid benefits is to be paid as a lump sum.
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
amount subject to installment paymentmachine translation
「分割払対象額」
In Article 9-3, the part of a mutual aid benefit (共済金) that a mutual aid policyholder (共済契約者) who asks to receive only part of the benefit in installments specifies to be paid that way.
Short name set inArticle 9-3, paragraph (2)· applies only in this article
installment payment periodmachine translation
「分割支給期間」
The period over which a mutual aid benefit (共済金) is paid in installments: 10 or 15 years from the first payment month (支給期月) after the request, as the mutual aid policyholder (共済契約者) chooses.
Short name set inArticle 9-3, paragraph (4)
installment mutual aid benefitmachine translation
「分割共済金」
The amount of a mutual aid benefit (共済金) paid in each payment month (支給期月) when it is paid in installments: the benefit, or the part of it chosen to be paid in installments, multiplied by a rate a Cabinet Order (政令) sets for the length of the installment period.
Short name set inArticle 9-3, paragraph (5)
installment payment ratemachine translation
「分割支給率」
The rate a Cabinet Order (政令) sets for each installment payment period (分割支給期間), by which a mutual aid benefit (共済金), or the part of it paid in installments, is multiplied to give the amount of each installment.
Short name set inArticle 9-3, paragraph (5)· applies only in this provision and in Article 9-4, paragraph (2)