Article L324-7 of the French Insurance Code
November 8, 2023
The assets transferred with a portfolio of contracts by a life assurance or capitalisation undertaking are allocated to a separate accounting section of the balance sheet of the undertaking receiving the contracts. For the purposes of calculating the participation in profits relating to these assets provided for in article L. 132-29, no account is taken of the respective size of the shareholders’ equity and commitments to policyholders appearing on the…
