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Rule 15 Release Calls

When an entry is terminated or shall cease, the Association may, without awaiting the fixing of Last Instalments and Supplementary Calls, determine an additional premium for each open Policy Year based on, but not limited to, the anticipated rate(s) of Last Instalments and Supplementary Calls for each year. Upon payment of such Release Calls, the Member shall be released from all liabilities for further Last Instalments and Supplementary Calls in respect of the said entry and shall under no circumstances be entitled to participate in the distribution of any surplus decided upon thereafter.