Chapter II: Life insurance and capitalisation operations

The insurer may automatically substitute surrender for the reduction if the surrender value of the contract is less than half the gross monthly amount of the minimum growth wage applicable in mainland France, calculated on the basis of the legal working week, in force on 1 July preceding the date on which the reduction is requested.

Life insurance contracts (with or without counter-insurance) or capitalisation contracts must indicate the charges levied by the company. These charges may be denominated in the currency of the contract or calculated as a percentage of the premiums, mathematical provisions, guaranteed capital or surrender value. Other contracts with surrender values must indicate the charges levied in the event of surrender.

The charges levied by the insurance company after the date of knowledge of the death of the insured, mentioned in the third paragraph of article L. 132-5, may not exceed the charges that would have been levied had the death not occurred. For life insurance contracts mentioned in the fourth paragraph of article L. 132-5: 1° The capital in euros guaranteed in the event of death automatically earns interest from…

In addition to the information mentioned in article L. 112-4 , the life insurance contract must indicate 1° The surname, first names and date of birth of the insured(s) ; 2° The event or date on which the guaranteed capital or annuity becomes payable; 3° The terms and conditions for payment of the guaranteed capital or annuity. The capitalisation contract must indicate 1° The amount of capital repayable at maturity…

The ceiling mentioned in the last paragraph of article L. 132-7 may not be less than 120,000 Euros.

The agreements referred to in Article L. 132-28 shall be drawn up in writing at the request of the intermediaries and shall provide in particular for: 1° The insurance intermediary shall: a) Submit to the insurance undertaking any draft advertising document drawn up by the intermediary, irrespective of the medium used, and any changes that the intermediary intends to make to the document, prior to its distribution; b) Comply with…

I. – The agreements provided for in article L. 132-28 are not required if the intermediary only uses advertising documents provided by the insurance company and the latter has undertaken in writing to send him the information mentioned in b of 2° of article R. 132-5-1. II – Such an agreement is not required in the case of the marketing of contracts mentioned in article L. 441-1 where the relationship…

The indemnity referred to in the fourth paragraph of Article L. 132-21-1 may not exceed 5% of the present value of the commitments made respectively by the insurer and by the policyholders of the contract referred to in the first paragraph of Article L. 131-21-1 and must be zero at the end of a period of ten years from the effective date of the contract. For the purposes of this…

The specific information statement referred to in article L. 132-22 is provided to the contracting party in the year preceding the date of expiry of the contract and no later than one month before that date. The information referred to in article L. 132-22 may be provided in a single document. For tacitly renewable contracts, the specific information statement is sent under the conditions set out in the first paragraph…

I.-Without prejudice to the obligations referred to in the last paragraph of article L. 132-8, for the application of the first paragraph of article L. 132-27-2, the date on which the insurance undertaking becomes aware of the death of the insured is the date on which the insurance undertaking is informed of the death, by obtaining the death certificate, in particular following consultation of the national register for the identification…