Section III: Rules of conduct

I.-Prior to taking out or subscribing to a contract as referred to in article L. 522-1, the intermediary or the insurance or capitalisation undertaking shall specify in writing the requirements and needs expressed by the potential subscriber, as well as the reasons justifying the appropriateness of the proposed contract. He or she shall provide objective information on the proposed insurance product in a comprehensible, accurate and non-misleading form to enable…

Where an intermediary or an insurance undertaking has informed the policyholder or subscriber that it will carry out a periodic assessment of the suitability of the recommended investment products, this assessment will include an updated statement on how the insurance-based investment meets the preferences, objectives and other characteristics of the policyholder or subscriber. Where the policyholder or subscriber does not provide the information referred to in article L. 522-5, the…

A decree in the Conseil d’Etat shall specify the terms and conditions for the application of this section.