On 31 December each year, the caisse centrale de réassurance shall draw up an inventory of the fund for the adjustment of certain annuities awarded as compensation for loss caused by a motorised land vehicle and shall prepare a balance sheet and a general operating and loss and profit account in the following form. 1° Balance sheet. Assets : Fixed assets in France ; Buildings ; Fixed assets under construction…
The rate of the deduction for assessment and collection costs to be made from the proceeds of the additional contribution to insurance premiums or contributions instituted by article 2 of law no. 74-1118 of 27 December 1974 is set at 2%. The provisions to be set aside each year by the fund for the adjustment of certain annuities paid as compensation for damage caused by a motorised land vehicle, to…
In the event of the occurrence of one of the political, catastrophic or transfer risks covered by the policy, the corresponding indemnity shall, insofar as the claim remains outstanding, be paid to the insured six months after receipt by the organisation mentioned in article L. 432-2 of a registered letter or electronic registered letter informing it of the claim. However, in exceptional circumstances, subject to the agreement of the Commission…
The amount of any recovery made after an indemnity has been paid shall, unless a special dispensation is provided for in the policy, be shared between the organisation mentioned in article L. 432-2 and the insured, in proportion to the share of the risk assumed by each of them.
Foreign exchange risk can only be covered if the use of the currency specified in the contract is approved by the Minister for the Economy. Foreign exchange cover is granted on the basis of the exchange rate applicable on the date specified in the policy, in accordance with the provisions of foreign exchange regulations: For the purchase of foreign currency required to pay for imports; Or the sale of foreign…
As regards the guarantee of the exchange rate risk relating to export transactions or to loans or credits granted to finance export transactions or export-related transactions, the loss or profit that may result from a difference between the exchange rate prevailing on the day of collection of a debt and the exchange rate on the basis of which the guarantee was granted shall, up to the percentage of the guarantee,…
With regard to cover for foreign exchange risk relating to import transactions, the loss or profit that may result from a difference between the purchase price of the foreign currency and the price on the basis of which the cover was granted is, up to the cover percentage, borne by or for the benefit of the organisation referred to in article L. 432-2, after deduction, where applicable, of the fraction…
The rates used to conduct the group insurance operations provided for in article L. 441-1 include the remuneration of the managing company and any intermediaries. The agreements must indicate the charges levied by the company.
When the agreement is denominated in a foreign currency, the acquisition value and the service value of the annuity unit are denominated in the same currency.
I. – The calculations of the theoretical mathematical provision referred to in Article R. 441-21 and the distribution of rights referred to in Article R. 441-27 are carried out using the mortality tables and the relevant risk-free interest rate curve used to calculate the best estimate referred to in Article R. 351-2. Insurance undertakings may apply a volatility adjustment to the relevant risk-free interest rate curve referred to in Article…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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