The Fishing Boat Reinsurance Special Account Law (Law No.24 of 1937) shall be partially amended as follows: In Article 1, "the Fishing Boat Insurance Law" shall be amended as "the Fishing Boat Damage Compensation Law (hereinafter referred to as" the Law"). Article 2 and Article 3 shall be amended as follows:

Article 2. This Account shall be divided into the Ordinary Insurance Sub-account, the Special Insurance Sub-account and the Management Subaccount.

Article 3. In the Ordinary Insurance Sub-account, the annual revenues shall be reinsurance premiums on the management of the reinsurance enterprise relating to the ordinary insurance, transfer from the General Account under the provision of Article 139 paragraph 2 of the Law, receipts arising from the accumulated fund, borrowings and accessory sundry receipts, and the annual expenditures shall be reinsurances on the management of the enterprise concerned, grants under the provision of Article 140 paragraph 1 of the Law, refund of the reinsurance premiums, redemptions of and interests on borrowings, interests on temporary borrowings, and the other miscellaneous expenses.

Article 3-(2). In the Special Insurance Sub-account, the annual revenues shall be reinsurance premiums on the management of the reinsurance enterprise relating to the special insurance, receipts arising from the accumulated fund, borrowings and accessory sundry receipts, and the annual expenditures shall be reinsurance on the management of the enterprise concerned, refunds of reinsurance premiums, redemptions of and interests on borrowings, interests on temporary borrowings and the other miscellaneous expenses.

Article 3-(3). In the Management Sub-account, the annual revenues shall be transfers from the General Account under the provisions of Article 141 paragraph 2 and Article 143 of the Law and accessory sundry receipts and the annual expenditures shall be expenses for execution of the business of the reinsurance enterprises and the other miscellaneous expenses.

Article 3-(4). In cases where surplus arises on settlement in the Ordinary Insurance Sub-account or the Special Insurance Sub-account, it shall be accumulated as the accumulated fund of the sub-account concerned, as prescribed by Cabinet Order. In cases where deficit arises on settlement in the Ordinary Insurance Sub-account or the Special Insurance Sub-account, it shall be covered by the accumulated fund of the sub-account concerned. In cases where surplus arises on settlement in the Management Sub-account, it shall be transferred into the annual revenues of the following fiscal year.

In Article 4 paragraph 1, "to this Account" shall be amended as "to the Ordinary Insurance Sub-account or the Special Insurance Sub-account" and "on its own account" shall be amended as "on the responsibility of the sub-account concerned" ;and in paragraph 2 of the same Article, "the reinsurance payment and refunds of reinsurance premiums with net reinsurance premiums" shall be amended as "the reinsurance and refunds of reinsurance premiums with reinsurance premiums in the Ordinary Insurance Sub-account or the Special Insurance Sub-account" . In Article 5, "this Account" shall be amended as "each sub-account" . In Article 6 paragraph 1, "In this Account" shall be amended as "In the Ordinary Insurance Sub-account or the Special Insurance Sub-account" , "on its own account" shall be amended as "on the responsibility of the sub-account concerned" . In Article 7, "this Account" shall be amended as "the Ordinary Insurance Sub-account and the Special Insurance Sub-account" . Article 8 shall be amended as follows:

Article 8. Every fiscal year the Cabinet shall prepare the budget of revenues and appropriations of this Account, and present it before the Diet together with that of General Account.

In Article 9, "this Account" shall be amended as "the Ordinary Insurance Sub-account or the Special Sub-account" , and "work expenses" shall be deleted. In Article 10, "an Imperial Ordinance" shall be amended as "Cabinet Order" . Paragraph 2 of the Supplementary Provisions shall be deleted.