Insurance contracts relating to the operations mentioned in 5° of article L. 310-1 and with a term of more than three years must include the following clause:
The duration of this contract shall be stated in very clear characters immediately above the policyholder’s signature.
Failing this, the policyholder may, notwithstanding any clause to the contrary, terminate the contract without compensation each year on the anniversary of the date on which it takes effect, subject to at least one month’s notice.