When the borrower wishes to make use of the option to substitute the insurance contract provided for in Article L. 313-30 after the loan offer referred to in Article L. 313-24, the borrower sends the loan offer issued or the credit agreement to the insurer of his choice, on paper or on another durable medium.
Once the delegated insurer has undertaken to grant its guarantee, the insurance contract shall mention in particular, loan by loan, the guarantees required by the lender under the insurance, the percentage insured per head and per type of guarantee, the amount of capital insured per type of guarantee, the final cost of the guarantees required by the lender mentioned in b of 2° of Article R. 313-23 and the dates on which the cover comes into effect and ceases.
In the event of acceptance by the lender, the latter shall provide the borrower, on paper or on another durable medium, under the conditions set out in article L. 313-31, the amended offer referred to in article L. 313-27 or the amendment to the credit agreement referred to in article L. 313-31.