Chapter I: Provisions relating to certain group provident and insurance operations.

The rates used to conduct the group insurance operations provided for in article L. 441-1 include the remuneration of the managing company and any intermediaries. The agreements must indicate the charges levied by the company.

When the agreement is denominated in a foreign currency, the acquisition value and the service value of the annuity unit are denominated in the same currency.

I. – The calculations of the theoretical mathematical provision referred to in Article R. 441-21 and the distribution of rights referred to in Article R. 441-27 are carried out using the mortality tables and the relevant risk-free interest rate curve used to calculate the best estimate referred to in Article R. 351-2. Insurance undertakings may apply a volatility adjustment to the relevant risk-free interest rate curve referred to in Article…

The annuity unit corresponding to a surrender has the same acquisition value as the annuity unit normally acquired in the year of the surrender.

Each year, insurance undertakings carrying out the operations defined in Article L. 441-1 must inform the Autorité de contrôle prudentiel et de résolution of the service value and acquisition value(s) of the annuity unit for the coming financial year for each of the contracts they manage. They must also communicate: -the amount of the theoretical mathematical provision calculated at 31 December of the financial year just ended; -the amount of…