(1) Notwithstanding sub-articles (2) and (3) of this Article, the Bank shall not require the prior approval or systematic notification of general and special policy conditions, scales of premiums, technical bases used in particular for calculating scales of premiums and technical reserves, forms and other printed documents which an insurance undertaking intends to use in its dealings with policyholders. The Bank may, however, require notification of such general and special policy conditions, scales of premiums, technical bases, forms and other aforementioned printed documents.

(2) The Bank may, for the sole purpose of verifying compliance with the rules concerning actuarial principles, require systematic notification of the technical bases used for calculating scales of premiums and technical reserves, provided that requirement does not constitute a prior condition for an insurance undertaking to carry on insurance business in the State.

(3) Nothing in these Regulations shall prevent the introduction by the Bank of regulations or administrative provisions concerning the approval of the memorandum and articles of association of an insurance undertaking and communication of documents necessary for the normal exercise of supervision.