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Paragraph 3: Fund for the adjustment of certain annuities awarded as compensation for damage caused by a land motor vehicle.

Article A431-8 of the French Insurance Code

On 31 December each year, the caisse centrale de réassurance shall draw up an inventory of the fund for the adjustment of certain annuities awarded as compensation for loss caused by a motorised land vehicle and shall prepare a balance sheet and a general operating and loss and profit account in the following form. 1° Balance sheet. Assets : Fixed assets in France ; Buildings ; Fixed assets under construction…

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Article A431-9 of the French Insurance Code

The rate of the deduction for assessment and collection costs to be made from the proceeds of the additional contribution to insurance premiums or contributions instituted by article 2 of law no. 74-1118 of 27 December 1974 is set at 2%. The provisions to be set aside each year by the fund for the adjustment of certain annuities paid as compensation for damage caused by a motorised land vehicle, to…

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