Article R343-7 of the French Insurance Code
November 7, 2023
The technical provisions corresponding to other insurance operations are as follows: 1° Mathematical provision for annuities: present value of the company’s commitments in respect of annuities and annuity-related benefits for which it is responsible; 2° Provision for unearned premiums: a provision to record, for all current contracts, the portion of premiums written and premiums yet to be written relating to the period between the inventory date and the next premium…
