An error as to the age of the insured only renders the insurance null and void if the insured’s true age is outside the limits set for the conclusion of contracts by the insurer’s rates. In any other case, if, as a result of such an error, the premium paid is lower than that which should have been paid, the capital or annuity guaranteed is reduced in proportion to the…
All information, including advertising, relating to a life insurance contract or capitalisation contract shall be accurate, clear and not misleading. Advertising shall be clearly identified as such.
I.-Sums due under life insurance contracts and capitalisation bonds or contracts which are not the subject of a request for payment of benefits or capital are deposited with the Caisse des dépôts et consignations at the end of a period of ten years from the date on which the insurer becomes aware of the death of the insured or the expiry of the contract. The deposit is made in the…
I.-The intermediary referred to in Article L. 511-1 shall draw up agreements with the insurance or capitalisation undertakings offering individual insurance policies with surrender values, capitalisation policies and the policies referred to in Article L. 132-5-3 and Article L. 441-1 for which he carries out intermediation activities. These agreements specify in particular 1° The conditions under which the intermediary referred to in Article L. 511-1 is required to submit advertising…
Life insurance or capitalisation companies and supplementary occupational pension funds allow policyholders to share in the technical and financial profits they make, in accordance with the conditions laid down by order of the Minister for the Economy.
Contracts involving the acquisition of real estate by means of the constitution of life annuities are subject to the provisions of this article. The annuitants individually retain, for the service of their annuities, even against any agreement to the contrary, the legal mortgage of 1° of article 2402 of the Civil Code on the assigned property. If there are heirs in the direct line of the creditors, they may only…
The nullity of contracts in which one of the provisions of article L. 132-30 is not observed may be requested by any interested party and by the Public Prosecutor.
Access to insurance against the risks of disability or death is guaranteed under the conditions set out in articles L. 1141-1 to L. 1141-3, L. 1141-5 and L. 1141-6 of the French Public Health Code.
Life insurance undertakings are authorised to enter into commitments in the event of life or death, with the exception of temporary insurance commitments in the event of death, under the conditions set out in this chapter. These commitments may include the guarantee of an annuity or a capital sum at maturity under conditions specified by a decree in the Conseil d’Etat. They give rise to the constitution of a diversification…
By way of derogation from the provisions of the Commercial Code relating to company accounts, the insurance undertaking shall establish one or more allocation sub-accounts for the commitments covered by this chapter. The commitments referred to in 1° and 2° of Article L. 134-1 may be grouped together in the same sub-accounting system.
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182, rue de Rivoli
75001, Paris France
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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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