41.   In response to another question, Majid replied that there is a possibility of the premium rate being further reduced.

42.   It is only fair under such circumstances that the premium rate reflects an amount that is equitable to both the employers and the insurers.

43.   Lim said the nine-company panel would have to provide similar benefits to workers under the current scheme provided by London Pacific despite the lower premium rate.

44.   Specific steps included the introduction of auto insurance with variable premium rates.

45.   The fixing of a premium rate will moreover prevent under-cutting and unethical practices among employers and insurers.

46.   The premium rate on the Lombard emergency borrowing facility serves as the ceiling.

47.   In the insurance sector, six Japanese companies had their ratings lowered due to higher loss ratios, insufficient premium rates, greater catastrophe costs and increased competition.

48.   The number of passengers carried at premium rates had risen to an all-time high point.