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Article L160-1 of the French Insurance Code

Anyone claiming to have lost, destroyed or stolen a life insurance contract or policy, or a capitalisation or savings certificate or contract, where the security is to order or bearer, must notify the insurance, capitalisation or savings company at its registered office by registered letter or electronic registered letter, with acknowledgement of receipt. The receiving company will acknowledge receipt to the sender, in the same form, within eight days of…

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Article L160-2 of the French Insurance Code

If the opposed contract is presented to the company, it will seize it and hold it in escrow until such time as a court ruling is made on the ownership of the security or the opposition is lifted. A receipt for the seized contract shall be issued to the third party holder if he can prove his identity and domicile. In the absence of such proof, the contract is returned…

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Article L160-5 of the French Insurance Code

Notwithstanding any contractual provisions to the contrary, life insurance companies may, under the conditions and in accordance with a scale laid down by order of the Minister for the Economy and Finance, convert or surrender annuities which they have set up and for which the arrears receipts are for less than a minimum amount laid down by the said order.

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Article L160-6 of the French Insurance Code

The requisition of ownership of all or part of an item of movable property entails ipso jure, within the limits of the requisition, the cancellation or reduction of the insurance contracts relating to that property, with effect from the date of dispossession thereof. However, the insured has the right to obtain from the insurer that the cancellation be replaced by the simple suspension of the effects of the contract with…

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Article L160-7 of the French Insurance Code

The requisitioning of services, within the meaning of article 2 of order no. 59-63 of 6 January 1959 relating to the requisitioning of goods and services, as well as in the case of accommodation or cantonment, automatically entails the suspension of the effects of damage insurance contracts, within the limits of the requisition, and to the extent of the liability of the State as defined in article 20 of the…

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Article L160-8 of the French Insurance Code

In all cases other than those provided for in the third and fourth paragraphs of article L. 160-7, the insured must, within one month of becoming aware of the dispossession or the entry into force of the requisition of services, notify the insurer by registered letter or electronic registered mail, specifying the property to which the requisition relates. Failing notification within this period, the insurer is entitled, by way of…

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Article L160-9 of the French Insurance Code

A final decision by a criminal court to confiscate a sum or claim included in a life insurance contract automatically entails the judicial cancellation of the contract and the transfer of the confiscated funds to the State.

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Article L160-10 of the French Insurance Code

Non-trading property companies (sociétés civiles à objet strictement immobilier), other than non-trading property investment companies (sociétés civiles de placement immobilier), whose units are wholly owned, directly or indirectly, by insurance companies on 1 January 2007, some or all of whose units constitute units of account in life insurance or capitalisation contracts on the same date, may adopt the regime for open-ended real estate investment companies (sociétés de placement à prépondérance…

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