Chapter II: Life insurance and capitalisation operations

The information notice on the entire contract provided for in c of IV of article 3 of Order no. 2014-696 of 26 June 2014 must contain the information referred to in articles A. 132-4 and A. 132-4-4, in force on the date of conversion.

The option to reverse the initial conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of article 3 of order no. 2014-696 of 26 June 2014 and its application procedures, are stated in the document formalising the initial conversion request. To this end, the following note shall precede the signature of the subscriber or member. This statement…

The option to go back on the first conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of Article 3 of Order no. 2014-696 of 26 June 2014, may be exercised by sending a letter or any other durable medium drawn up in accordance with the attached model, attached to the information document. Annex to article A….

When subscribing to or taking out a policy involving commitments giving rise to the constitution of a diversification reserve, the information memorandum referred to in article L. 132-5-2, the notice referred to in article L. 132-5-3 or, when 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 provided for in 1°, 2°, with the exception of…

For the contracts mentioned in the second paragraph of article L. 131-1, it is stated that the insurance company is only committed to the number of units of account, but not to their value; it is also specified that the value of these units of account, which reflects the value of the underlying assets, is not guaranteed but is subject to fluctuations upwards or downwards depending in particular on developments…

For the application of Article A. 132-4-1 to people’s pension savings plans with a diversification provision, the obligation to provide information on the transfer values mentioned in Article L. 132-5-3 may be validly fulfilled in b of 3° of the model prospectus attached to Article A. 132-4 as follows. I. – General information on the transfer values of individual rights under policies containing commitments giving rise to a diversification reserve….

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…