Chapter II: Life insurance and capitalisation operations

The rates charged by the companies carrying out the operations referred to in 1° of article L. 310-1, including those referred to in article L. 143-1 , and by the supplementary occupational pension funds referred to in article L. 381-1 must be based on a rate no higher than 75% of the average rate on French government bonds calculated on a half-yearly basis, without being able to exceed, beyond eight…

For the application of article A. 132-1, the average rate for government bonds on a half-yearly basis is determined by taking the arithmetic average over the last six months of the rates observed on the primary and secondary markets. The result of multiplying this average by 60% or 75% is called the “monthly reference rate”. The maximum technical interest rate applicable to tariffs is set on a scale of rates…

Undertakings carrying out the operations referred to in 1° of Article L. 310-1 and the supplementary occupational pension funds referred to in Article L. 381-1 may, under the conditions set out in Article A. 132-3, guarantee in their contracts a total amount of technical interest and bonuses which, in relation to the fraction of the mathematical provisions of the said contracts on which the guarantee takes effect, will not be…

I. – For a given financial year, the total amount of profit sharing guaranteed by the company or the supplementary occupational retirement fund under article A. 132-2 must be less than a ceiling calculated as the difference, when positive, between : – 80% of the product of the average rate of return on the company’s assets calculated for the last two financial years, multiplied by the mathematical reserves of contracts…

The information memorandum referred to in article L. 132-5-2, the notice referred to in article L. 132-5-3 or, where 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 set out in the attached model.

Contracting company (name and legal form) Name : Address (of registered office and, if applicable, branch and name of Member State) ………………………………………………. Information note 1° Commercial name of the contract. 2° Characteristics of the contract : a) contractual definition of cover offered ; b) duration of the contract ; c) premium payment terms ; d) time limit and conditions for cancelling the contract ; e) formalities to be completed in…

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…