Where a mutual aid policyholder has paid premiums on or before the last day of the month preceding the month in which they are to be paid (hereinafter referred to as "advance payment of premiums"), the Organization may reduce the amount of those premiums as specified by Order of the Ministry of Economy, Trade and Industry.
With regard to premiums for which advance payment of premiums has been made, the premiums for each month are deemed to have been paid when the first day of each month in which they are to be paid arrives.
掛金前納がされた掛金については、その納付すべき各月の初日が到来した時に、それぞれその月の掛金が納付されたものとみなす。
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 and medium-sized enterprises (中小企業者) conclude mutual aid contracts (共済契約) and which lends them mutual aid benefits (共済金).
Short name set inArticle 2, paragraph (2)
mutual aid policyholdermachine translation
「共済契約者」
The party to a mutual aid contract (共済契約) other than 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): the business that pays the premiums (掛金).
Defined inArticle 2, paragraph (3)· applies throughout the law
advance payment of premiumsmachine translation
「掛金前納」
Paying a premium (掛金) by the last day of the month before the month it is due, for which 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) may reduce the premium.
Short name set inArticle 15, paragraph (1)