Book I: Contracts

In life insurance and personal accident insurance, the sums insured are fixed by the contract. In the case of life insurance or capitalisation operations, the guaranteed capital or annuity may be expressed in units of account made up of transferable securities or assets offering sufficient protection for the savings invested and appearing on a list drawn up by decree by the Conseil d’Etat. The policyholder or beneficiary receives payment in…

The units of account referred to in the second paragraph of article L. 131-1 may consist of units in alternative investment funds open to professional investors, covered by sub-section 3 of section 2 of Chapter IV of Title I of Book II of the Monetary and Financial Code, subject to conditions relating in particular to the financial situation, knowledge or experience of the contracting party. A Conseil d’Etat decree sets…

Contracts with unit-linked guarantees as referred to in the second paragraph of article L. 131-1 must refer to at least one unit of account made up of transferable securities, collective investment undertakings or assets included in the list referred to in the same article L. 131-1 and which comply with at least one of the following conditions: 1° Between 5% and 10% of the units are made up of securities…

In personal insurance, once the sum insured has been paid, the insurer cannot be subrogated to the rights of the policyholder or beneficiary against third parties in respect of the claim. However, in contracts guaranteeing compensation for losses resulting from personal injury, the insurer may be subrogated to the rights of the contracting party or beneficiaries against the liable third party, for reimbursement of the compensation benefits provided for in…

Insurance companies governed by this code which market supplementary health insurance contracts must include in the documents they send to their policyholders or which are used for advertising purposes, the conditions of reimbursement, in a simple and standardised manner, quantified in euros, for the most common care expenses or for those for which the out-of-pocket expenses are the highest, in accordance with the procedures specified by order of the Minister…