Subject to the other provisions of this section, an Insurer must calculate its underwriting risk component as the sum of the amounts obtained by multiplying the Insurer's base premium, for each Class of Business, by the percentage factors set out in the following table.
| Class of Business |
Percentage factor |
| |
Direct insurance |
Proportional reinsurance |
Non-proportional and facultative reinsurance |
| (a) Classes 1 and 2 |
18 |
18 |
27 |
| (b) Class 3 |
12 |
12 |
18 |
| (c) Class 4 |
17 |
17 |
26 |
| (d) Class 5 |
19 |
19 |
30 |
| (e) Class 6 |
27 |
27 |
29 |
| (f) Classes 7 and 8 |
90 |
90 |
140 |
| (g) Class 9 |
18 |
18 |
27 |
