French Insurance Code

I. – For a given financial year, the total amount of profit sharing guaranteed by the company or the supplementary occupational retirement fund under article A. 132-2 must be less than a ceiling calculated as the difference, when positive, between : – 80% of the product of the average rate of return on the company’s assets calculated for the last two financial years, multiplied by the mathematical reserves of contracts…

The information memorandum referred to in article L. 132-5-2, the notice referred to in article L. 132-5-3 or, where they are equivalent to the information memorandum in accordance with article L. 132-5-2, the insurance proposal or the draft contract contain the information set out in the attached model.

Contracting company (name and legal form) Name : Address (of registered office and, if applicable, branch and name of Member State) ………………………………………………. Information note 1° Commercial name of the contract. 2° Characteristics of the contract : a) contractual definition of cover offered ; b) duration of the contract ; c) premium payment terms ; d) time limit and conditions for cancelling the contract ; e) formalities to be completed in…

Information on surrender or transfer values that cannot be established in euros or foreign currencies when the draft contract, insurance application or notice is submitted. I.-Principle : The information provided for in the fifth paragraph of article L. 132-5-2 and in the first paragraph of article L. 132-5-3 on surrender or transfer values that cannot be established in euros or foreign currencies when the insurance application, draft contract or notice…

The words referred to in articles L. 132-5-2 and L. 132-5-3 precede the policyholder’s signature. I.-For policies not covered by article L. 132-5-3, it reads as follows: The policyholder may cancel this contract for a period of thirty full calendar days from “the date on which the policyholder is informed that the contract has been concluded”. This waiver must be made by registered letter with acknowledgement of receipt, sent to…

For life insurance or capitalisation contracts, when the policyholder or subscriber converts individual rights into rights expressed in units of account that were not selected when the contract was taken out or subscribed to and whose main characteristics were not indicated when the contract was taken out or subscribed to, the said main characteristics are indicated at the time of conversion either in the rider or by delivery of the…

The information document provided for in IV of Article 3 of Order no. 2014-696 of 26 June 2014 contains the information set out in the attached model. Annex to article A. 132-4-4 of the French Insurance Code 1° Commercial name of the contract affected by the conversion of commitments; 2° Characteristics of commitments giving rise to the constitution of a diversification provision: a) Contractual definition of commitments giving rise to…

The information notice on the entire contract provided for in c of IV of article 3 of Order no. 2014-696 of 26 June 2014 must contain the information referred to in articles A. 132-4 and A. 132-4-4, in force on the date of conversion.

The option to reverse the initial conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of article 3 of order no. 2014-696 of 26 June 2014 and its application procedures, are stated in the document formalising the initial conversion request. To this end, the following note shall precede the signature of the subscriber or member. This statement…

The option to go back on the first conversion decision offered to the subscriber or member of a life insurance or capitalisation contract, under the conditions provided for in I of Article 3 of Order no. 2014-696 of 26 June 2014, may be exercised by sending a letter or any other durable medium drawn up in accordance with the attached model, attached to the information document. Annex to article A….