Title III: Rules relating to life insurance and capitalisation operations

I.-For commitments covered by 1° of Article L. 134-1, I of Article A. 132-4-1 applies as follows: 1° Where the technical rate used is not zero, the literary explanation referred to in 2° of I of article A. 132-4-1 also includes the indication that the interest rate is likely to change over the years, and that the mathematical provision may therefore vary upwards or downwards in the event of fluctuations…

I – For commitments covered by article L. 134-1, during the period of application of article R. 342-3, information relating to the allocation of assets by the insurance undertaking due to insufficient representation of commitments is provided against receipt prior to subscription, membership or the first conversion request. II – Policyholders or members are notified in writing of the application of article R. 342-3, within a period which may not…

Where the unit of account is a unit or share in an undertaking for collective investment, its main characteristics are as follows: 1° Brief description: the name of the undertaking, its legal form and the name of the management company; 2° Investment and management information: investment objectives and policy, risk and return profile, any guarantees or protection; 3° Information on the fund’s charges. For each unit of account constituted in…

I. – For the purposes of the seventh paragraph of article L. 132-22, the following information is provided to the policyholder: – the interest rate guaranteed by the contract and the interest rate corresponding to the amount allocated to the mathematical provisions of the contract from the profit-sharing reserve or the reversal of the profit-sharing reserve ; – the rate of charges levied by the company; – the rate of…

I.-For the application of article L. 132-22 to the contracts mentioned in articles L. 143-1 and L. 144-2, the following information is provided annually: 1° The exact reference date of the information appearing in the statement of pension rights, clearly indicated; 2° The name of the insurance or supplementary occupational pension organisation and its contact address, as well as identification of the member’s pension scheme; 3° A clear indication in…

I.-The box referred to in article L. 132-5-2 is placed at the top of the insurance proposal, draft contract or notice. It must not exceed one page in size and must contain the following information, in the order specified below: 1° It indicates whether the contract is an individual or group life insurance contract, or a capitalisation contract. For contracts mentioned in article L. 132-5-3, this information is supplemented by…

The obligation to provide the information referred to in Article L. 132-9-1 is validly fulfilled if the contract, or the notice in the case of contracts referred to in Article L. 141-1, contains the following information 1° It is stated that the policyholder or subscriber may designate the beneficiary or beneficiaries in the contract and subsequently by amendment to the contract, or, for contracts mentioned in article L. 141-1, in…

I. – The professional bodies mentioned in article L. 132-9-2 are the Fédération française de l’assurance and the Centre technique des institutions de prévoyance. II – Within a period of fifteen full calendar days from receipt of the request mentioned in the first paragraph of article L. 132-9-2, sent by a natural or legal person or forwarded by another professional body mentioned in I or by another professional body authorised…

I.-Where the contract expressly states that the option referred to in 2° of article L. 131-1 does not apply to the beneficiary, the notice sent by the contracting party to the beneficiary informing him of his right to irrevocably opt for the delivery of securities, units or shares under the conditions set out in article R. 132-5-7 includes the following information: a) The name and address of the contracting party…

The option for a beneficiary to elect to receive securities, units or shares under the conditions set out in article R. 132-5-7 is exercised by notifying the insurer of the option, to which is attached the notice sent by the contracting party and which includes the following information: a) The name and address of the beneficiary ; b) The contract reference ; c) The date of receipt of the notice…