Title IV: Special insurance schemes

Insurance undertakings are authorised to participate directly or indirectly, in particular by collecting premiums or contributions, by constituting capital payable in the event of death, or by constituting and paying pensions or life annuities, in any transaction the object of which is the acquisition or enjoyment of rights in the event of death, in which a link is established between the revaluation of premiums and that of previously acquired rights…

I. – Subject to the specific provisions of this chapter, the provisions of Book I relating to life insurance apply to the operations governed by this chapter, with the exception of Articles L. 131-1, L. 131-2, L. 132-5-2, L. 132-5-3, L. 132-9, L. 132-9-1, L. 132-20 to L. 132-22-1, L. 132-30 and L. 132-31, the specific provisions relating to insurance in the event of death and Chapter IV of Title…

I. – For operations with optional membership, the information sheet provided by the policyholder to the member at the time of enrolment includes, in addition to the information mentioned in the second paragraph of Article L. 141-4 : a) The company name and contact details of the policyholder ; b) The essential terms of the agreement, in particular the possibility of reducing the service value of the annuity unit and…

For all operations governed by this chapter, the policyholder is required to inform the member each year of: 1° The amount of the premium or contribution paid for membership during the year ; 2° The acquisition values of the annuity unit corresponding to the member’s situation during the past year; 3° The total amount of vested rights expressed as a number of annuity units; 4° The service value of the…

The insurance company may not demand payment of premiums or contributions. If payment of premiums or contributions ceases, the agreement may provide for forfeiture of vested rights or a reduction in the number of annuity units registered in the member’s account under conditions laid down by decree.

A decree of the Conseil d’Etat shall determine the technical rules and conditions of application of this chapter, in particular the terms and conditions under which the information provided for in Article L. 441-3-1 may be made available to members and the possibility of including this information in the reports provided for in Articles L. 143-2-2 and L. 385-7 for agreements constituting commitments covered by Chapter III of Title IV…