Participation in technical and financial profits is calculated separately for each portfolio of securities and investments, which is recorded separately in the accounts, in accordance with the conditions laid down by order of the Minister for the Economy.
The income from rights attached to assets that are recorded separately in the accounts as provided for in article R. 342-1 is taken into account in full, including income corresponding to any other tax credits attached to the holding of these same assets, up to the limit of their recovery.
The insurance undertaking or the supplementary occupational pension fund may enter into reinsurance or risk transfer treaties relating to commitments contracted under a contract or commitments mentioned in Article R. 342-1, provided that these transactions relate exclusively to all or part of the difference between the amount of benefits actually paid under this contract or these commitments and that of the benefits corresponding to the mathematical provisions within the meaning…
The technical provisions corresponding to the operations of supplementary professional retirement funds subject to the auxiliary allocation accounting mentioned in Article L. 381-2 are those mentioned in 1° to 7°, 9° and 10° of Article R. 343-3. The provisions mentioned in the previous paragraph, with the exception of those mentioned in 4° of article R. 343-3, as well as the assets corresponding to the aforementioned operations are recorded in the…
The undertakings referred to in Article L. 310-1 or in 1° of III of Article L. 310-1-1 must be able to justify the valuation of the following items: 1° Technical provisions sufficient to settle in full their commitments to policyholders, contract subscribers and beneficiaries, and reinsured undertakings; 2° Liabilities corresponding to other preferential claims; 3° The guarantee deposits of agents, policyholders and third parties, if any; 4° A loan amortisation…
Where the guarantees of a contract are expressed in a specific currency, the commitments of the insurance undertaking referred to in Article R. 343-1 are denominated in that currency. Where the guarantees of a contract are not expressed in a specific currency, the commitments of an insurance undertaking are denominated in the currency of the country in which the risk is situated. However, the undertaking may choose to denominate its…
The provisions of this chapter are applicable in the French Southern and Antarctic Territories and in the Wallis and Futuna Islands.
The technical provisions corresponding to life insurance, marriage and natality insurance and capitalisation operations are as follows: 1° Mathematical provision: difference between the present values of the commitments made by the insurer and those made by the policyholders. For contracts using a survival or mortality table, the amounts of the mathematical provisions must include an estimate of the future management expenses which will be borne by the insurer during the…
The technical provisions referred to in 1° of Article R. 343-1, corresponding to the operations referred to in Articles L. 143-1 of this Code, L. 222-3 of the Mutual Code or L. 932-40 of the Social Security Code, are valued each year by an actuary and reviewed by the actuarial function, which verifies that the provisions comply with the provisions of this Code applicable to them, that they are constituted…
The provision for liquidity risk is established when the investments referred to in Article R. 343-10, with the exception of depreciable securities which the insurance undertaking has the capacity and intention to hold to maturity, are in a situation of overall net unrealised loss. An overall net unrealised loss is recorded when the net book value of these investments is higher than the overall value of these same investments valued…
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is a Registered Trademark of
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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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