Chapter III: Specific insurance accounting policies and valuations

When securities subject to the capitalisation reserve are included in the portfolio, their actuarial rate of return is calculated taking into account the acquisition price, the probabilities, maturity dates and amounts, net of all taxes, of coupons, prizes and other ancillary benefits attached to these securities, and the redemption values. For the bonds referred to in the second paragraph of article R. 343-9, the calculation is made by taking the…

When a bond is sold or converted, the operation is applied to the oldest security in the portfolio. In the event of the sale or conversion of a security, the date of acquisition of the security is used to calculate its current value on the date of sale or conversion, based on the actuarial rate referred to in article A. 343-3. For the bonds mentioned in the second paragraph of…

Companies whose investments in securities subject to the capitalisation reserve do not exceed 750,000 euros at the inventory date may not apply the provisions of articles A. 343-3 and A. 343-3-1 (paragraphs 2, 4 and 5). In such cases, these companies are required to transfer to the capitalisation reserve 10% of the excess resulting from the comparison between the amount of the sale price and the entry price in the…