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<p /> <p>No actuarial calculations were carried out in relation to the payments that
would be made by the Diffuse Mesothelioma Payment Scheme. The tariff table, which
sets out the rate of payment according to age at diagnosis, is based on an average
of similar payments made under civil compensation.</p><p> </p><p>The Impact Assessment
published in March 2014 estimated that £93.7m would be paid out by the Scheme in the
first year of its operation, and £412.4m would be paid out over the first 10 years.</p><p>
</p><p>Initial application volumes were lower than anticipated so the amount levied
on the insurance industry for the period 2014/15 was £32m. It is too early to estimate
what the application volumes will be over the next 10 years given volumes received
to date. As this is a demand led scheme, the calculations for the levy are done afresh
each year. An upturn in applications to the Scheme would result in a higher levy rate
in future years.</p>
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