Subsection 4: Identification and verification of the identity of the beneficiary of life insurance or capitalisation contracts

For the application of III of Article L. 561-5, the persons mentioned in 2° to 2°e and 3°a of Article L. 561-2 shall identify and verify the identity of the beneficiaries of life insurance or capitalisation contracts and, where applicable, their beneficial owners, where the annual premium exceeds the thresholds set for these contracts in 1° of Article R. 561-16, under the following conditions: 1° Where the beneficiaries of the…