The extra payment is 6 percent of net book premium
What the document says“the payment to an approved insurance provider required under subparagraph (A) shall be the amount equal to 6 percent of the net book premium.”
The section sets the additional subsidy on an eligible contract at 6 percent of the net book premium.
What the document actually says“the payment to an approved insurance provider required under subparagraph (A) shall be the amount equal to 6 percent of the net book premium.”
The extra payment is worked out from the premium. It comes to 6 percent of the net book premium.
Net book premium is the premium the insurer has on its books. A bigger book means a bigger payment. The rate is fixed at 6 percent.
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