Insurance undertakings authorised to transact business involving commitments the performance of which depends on the duration of human life may only transact the business referred to in Article L. 441-1 in accordance with the provisions of this chapter.
In addition to the information mentioned in article L. 112-4, the contract includes 1° The surname, first names and date of birth of the insured person(s) ; 2° The event or date on which the guaranteed capital or annuity falls due; 3° The deadlines and terms of payment of the guaranteed capital or annuity.
Where the agreement provides for the possibility of a reduction in the value of the annuity unit, this reduction may only occur where the ratio between, on the one hand, the sum of the special technical provision and the net unrealised gains and losses on the assets allocated to the special technical provision and, on the other hand, the theoretical mathematical provision is less than 0.95 at the financial year-end…
I. – The technical and financial information provided for in 5° of I of Article L. 441-3-1 includes the following information: 1° The amount of the theoretical mathematical provision calculated at 31 December of the financial year ended ; 2° The amount of the technical provisions mentioned in 1° to 3° of article R. 441-7 at the same date; 3° The ratio between, on the one hand, the sum of…
Any person who, even as an intermediary, offers to subscribe to contracts or agreements that contravene the provisions of this chapter, or arranges for such contracts or agreements to be subscribed, will be liable to the fine provided for 5th class offences. In the event of a second or subsequent offence, the fine will be the same as that imposed for repeated 5th class offences.
The group insurance operations provided for in Article L. 441-1 are authorised on condition that these operations include a benefit determined in accordance with the conditions laid down in this chapter.
The transactions referred to in article R. 441-4 are carried out pursuant to agreements which must specify the operating procedures of the scheme, including in the cases of conversion provided for in articles R. 441-24 and R. 441-26.
The technical provisions for the operations provided for in Article L. 441-1 are as follows: 1° The special technical provision, from which are deducted the benefits paid and management charges, within the limits set by the agreement, and to which are allocated the contributions paid, net of charges included in the contributions and taxes, as well as all financial income and expenses generated by the assets allocated to the special…
I. – When, pursuant to the last paragraph of Article R. 441-21, the commitments of the insurance undertaking under an agreement are no longer represented in at least an equivalent manner by the assets relating to that agreement and a reduction in the value of the annuity unit is not authorised by the agreement under the conditions set out in Article L. 441-2, the insurance undertaking shall make up this…
The assets representing commitments relating to several agreements, where they are not recorded separately in the accounts for each of these agreements, are deemed, in particular for each closing of the accounts mentioned in Article R. 441-12, to be distributed uniformly between these same agreements in proportion to the technical provisions mentioned in 1° to 3° of Article R. 441-7, valued at the same date.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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