(1) The policyholder may demand at any time from the end of the current period of insurance that the insurance be converted into a fully paid-up insurance, insofar as the agreed minimum insurance cover is achieved. If that is not the case, the insurer must pay the applicable surrender value plus surplus sharing in accordance with section 169.
(2) Fully paid-up insurance benefits are calculated in accordance with the accepted actuarial rules, using the bases for calculating the insurance premium based on the surrender value in accordance with section 169 (3) to (5), and are quoted in the contract for each insurance year.
(3) Fully paid-up insurance benefits are calculated for the end of the current period of insurance, taking into account any premium payments in arrears. The policyholder’s claims arising from surplus sharing remain unaffected.