Title III: Rules relating to life insurance and capitalisation operations

Information on surrender or transfer values that cannot be established in euros or foreign currencies when the draft contract, insurance application or notice is submitted. I.-Principle : The information provided for in the fifth paragraph of article L. 132-5-2 and in the first paragraph of article L. 132-5-3 on surrender or transfer values that cannot be established in euros or foreign currencies when the insurance application, draft contract or notice…

The words referred to in articles L. 132-5-2 and L. 132-5-3 precede the policyholder’s signature. I.-For policies not covered by article L. 132-5-3, it reads as follows: The policyholder may cancel this contract for a period of thirty full calendar days from “the date on which the policyholder is informed that the contract has been concluded”. This waiver must be made by registered letter with acknowledgement of receipt, sent to…

For life insurance or capitalisation contracts, when the policyholder or subscriber converts individual rights into rights expressed in units of account that were not selected when the contract was taken out or subscribed to and whose main characteristics were not indicated when the contract was taken out or subscribed to, the said main characteristics are indicated at the time of conversion either in the rider or by delivery of the…

The information document provided for in IV of Article 3 of Order no. 2014-696 of 26 June 2014 contains the information set out in the attached model. Annex to article A. 132-4-4 of the French Insurance Code 1° Commercial name of the contract affected by the conversion of commitments; 2° Characteristics of commitments giving rise to the constitution of a diversification provision: a) Contractual definition of commitments giving rise to…

The information notice on the entire contract provided for in c of IV of article 3 of Order no. 2014-696 of 26 June 2014 must contain the information referred to in articles A. 132-4 and A. 132-4-4, in force on the date of conversion.

The option to reverse the initial conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of article 3 of order no. 2014-696 of 26 June 2014 and its application procedures, are stated in the document formalising the initial conversion request. To this end, the following note shall precede the signature of the subscriber or member. This statement…

The option to go back on the first conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of Article 3 of Order no. 2014-696 of 26 June 2014, may be exercised by sending a letter or any other durable medium drawn up in accordance with the attached model, attached to the information document. Annex to article A….

When subscribing to or taking out a policy involving commitments giving rise to the constitution of a diversification reserve, the information memorandum referred to in article L. 132-5-2, the notice referred to in article L. 132-5-3 or, when they are equivalent to the information memorandum in accordance with article L. 132-5-2, the insurance proposal or the draft contract contain the information provided for in 1°, 2°, with the exception of…

For the contracts mentioned in the second paragraph of article L. 131-1, it is stated that the insurance company is only committed to the number of units of account, but not to their value; it is also specified that the value of these units of account, which reflects the value of the underlying assets, is not guaranteed but is subject to fluctuations upwards or downwards depending in particular on developments…

For the application of Article A. 132-4-1 to people’s pension savings plans with a diversification provision, the obligation to provide information on the transfer values mentioned in Article L. 132-5-3 may be validly fulfilled in b of 3° of the model prospectus attached to Article A. 132-4 as follows. I. – General information on the transfer values of individual rights under policies containing commitments giving rise to a diversification reserve….