Title III: Rules relating to life insurance and capitalisation operations

For the purpose of drawing up the account defined in Article A. 132-13, the share of the financial result to be entered as revenue in this account is equal to the sum of the following two elements : 1. The product of the average amount over the financial year of technical reserves gross of reinsurance cessions, corresponding to items 3b, 3c, 3e and 3h of the balance sheet liabilities model…

For the purposes of Article A. 132-11, the profit-sharing account includes an item entitled “Ceded reinsurance balance”. Only risk reinsurance is taken into account, i.e. reinsurance in which the reinsurers’ commitment relates exclusively to all or part of the difference between the amount of capital in the event of death or disability and the mathematical reserves of the corresponding contracts. In treaties limited to risk reinsurance, the balance of reinsurance…

The amount of bonuses may be allocated directly to the mathematical provisions or transferred, in whole or in part, to the provision for bonuses referred to in article R. 343-3. Amounts transferred to the latter provision are allocated to the mathematical reserve or paid to policyholders during the eight financial years following the year in respect of which they were transferred to the provision for profit sharing. For commitments covered…

By way of derogation from the allocations provided for in the first paragraph of Article A. 132-16 and in exceptional situations, the provision for profit sharing may be written back after authorisation from the Autorité de contrôle prudentiel et de résolution. The exceptional situations referred to in the first paragraph are only met when the balance of the life insurance technical profit and loss account for the last accounting period,…

When a category of contracts is subject to a profit-sharing clause, the profit-sharing allocated individually to each reduced or suspended contract may not be less than that which would be allocated to a contract in the process of paying premiums in the same category with the same mathematical provision. For the contracts mentioned in 1° of Article L. 143-1, whether or not they have been underwritten by an insurance company…