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Article R132-5-7 of the French Insurance Code

Where the contracting party has irrevocably opted for the delivery of securities, units or shares pursuant to 2° or 3° of article L. 131-1, and has expressly stated in the contract that this option does not apply to the beneficiary of the contract, he may, at any time, send the beneficiary of the contract, by registered letter or electronic registered mail, a notice informing him of his option to receive…

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Article D132-6 of the French Insurance Code

This section applies to the contracts mentioned in the second paragraph of Article L. 132-23, including those taken out in the context of supplementary professional retirement activities as defined in Articles L. 143-1 and L. 382-1. It does not apply to the contracts referred to in the last paragraph of article L. 143-2, whether or not they have been taken out under the administrative authorisation referred to in article L….

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Article D132-7 of the French Insurance Code

I.-The transfer of individual rights in the course of accrual is automatic, subject to the provisions of this section. II-The contract includes a clause allowing the transfer of individual rights during the period of accumulation. This clause is reproduced in the notice referred to in Article L. 141-4. In particular, it specifies how the technical and financial results relating to the period elapsed from the last date on which these…

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Article D132-8 of the French Insurance Code

Individual rights currently being built up in respect of contracts offering the benefits mentioned in Article L. 143-1, but which have not been taken out as part of supplementary occupational retirement activities as defined in that same Article and in Article L. 382-1, may be transferred to another contract mentioned in Article L. 143-1, whether or not it has been taken out as part of the authorisation provided for in…

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Article D132-9 of the French Insurance Code

I. – This article applies to the contracts mentioned in 1° of article L. 143-1, whether or not they have been taken out under the authorisation provided for in the same article and in article L. 382-1. II. – Individual rights relating to these contracts are only transferable when the member is no longer required to join. A member who has left the sponsoring company is not required to transfer…

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Article D132-10 of the French Insurance Code

I. – For the purposes of the second paragraph of article L. 143-2, individual rights relating to a contract mentioned in article L. 143-1, whether or not taken out under the authorisation provided for in the same article and in article L. 382-1, may be transferred to a plan mentioned in article L. 144-2 under the conditions and within the limits provided for in this section. II. – Institutions de…

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Article R134-1 of the French Insurance Code

The amount of the guaranteed capital or the capital constituting the guaranteed annuity payable at maturity mentioned in article L. 134-1 may not exceed an amount determined according to mortality tables and rates applicable to the pricing of this guarantee defined by order of the Minister for the Economy. The contract stipulates that the diversification reserve cannot be less than a minimum value which it defines. This value is strictly…

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Article R134-2 of the French Insurance Code

The premiums and amounts arbitrated or transferred net of charges provided for in 1° of article R. 134-3 give rise to individual rights expressed in terms of the number of units in the diversification provision and, in the case of commitments covered by 1° of article L. 134-1, in terms of the mathematical provision. The number of units in the diversification provision is obtained by dividing the diversification provision by…

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Article R134-3 of the French Insurance Code

The contract specifies the deductions to be made by the insurance undertaking and how they are to be established and collected. The undertaking may deduct only: 1° from premiums paid and amounts transferred or arbitrated; 2° On amounts resulting from the conversion of commitments referred to in Article R. 134-4; 3° On the diversification provision where the auxiliary allocation accounts provided for in Article L. 134-2 do not include commitments…

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Article R134-4 of the French Insurance Code

A profit-sharing account has been set up. Its credit balance is allocated to : 1° The mathematical reserve by revaluation of guarantees, under conditions defined by order of the Minister for the Economy; 2° The diversification reserve by allocation of new units of the diversification reserve or by an increase in the value of these units; 3° The collective deferred diversification reserve. The debit balance of the profit-sharing account is…

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