(1) The Bank shall not require the prior approval or systematic notification of general and special policy conditions, of scales of premiums, of the technical bases used in particular for calculating scales of premiums and technical provisions, or of forms and other documents which an undertaking intends to use in its dealings with policyholders or ceding or retro ceding undertakings.

(2) Despite paragraph (1), in relation to life insurance the Bank may, for the sole purpose of verifying compliance with rules concerning actuarial principles, require systematic notification of the technical bases used for calculating scales of premiums and technical provisions but such a requirement does not constitute a prior condition for authorisation.

(3) The Bank shall not retain or introduce prior notification or approval of proposed increases in premium rates except as part of general price control systems.

(4) The Bank, in the exercise of its powers under financial services legislation, may subject undertakings seeking or having obtained authorisation for class 18 in Part 1 of Schedule 1 to checks on their direct or indirect resources in staff and equipment, including the qualification of their medical teams and the quality of the equipment available to such undertakings to meet their commitments arising out of that class.