Natural persons resident in the French Republic and legal entities, for activities relating to their establishment in France, may take out insurance and capitalisation contracts denominated in foreign currency.
Orders issued by the Minister for the Economy and Finance shall specify the terms and conditions for the application of this section as necessary.
Notwithstanding any contractual provisions to the contrary, life insurance companies may, under the conditions and in accordance with a scale laid down by order of the Minister for the Economy and Finance, convert or surrender annuities which they have set up and for which the arrears receipts are for less than a minimum amount laid down by the said order.
The requisition of ownership of all or part of an item of movable property entails ipso jure, within the limits of the requisition, the cancellation or reduction of the insurance contracts relating to that property, with effect from the date of dispossession thereof. However, the insured has the right to obtain from the insurer that the cancellation be replaced by the simple suspension of the effects of the contract with…
The requisitioning of services, within the meaning of article 2 of order no. 59-63 of 6 January 1959 relating to the requisitioning of goods and services, as well as in the case of accommodation or cantonment, automatically entails the suspension of the effects of damage insurance contracts, within the limits of the requisition, and to the extent of the liability of the State as defined in article 20 of the…
In all cases other than those provided for in the third and fourth paragraphs of article L. 160-7, the insured must, within one month of becoming aware of the dispossession or the entry into force of the requisition of services, notify the insurer by registered letter or electronic registered mail, specifying the property to which the requisition relates. Failing notification within this period, the insurer is entitled, by way of…
A final decision by a criminal court to confiscate a sum or claim included in a life insurance contract automatically entails the judicial cancellation of the contract and the transfer of the confiscated funds to the State.
Non-trading property companies (sociétés civiles à objet strictement immobilier), other than non-trading property investment companies (sociétés civiles de placement immobilier), whose units are wholly owned, directly or indirectly, by insurance companies on 1 January 2007, some or all of whose units constitute units of account in life insurance or capitalisation contracts on the same date, may adopt the regime for open-ended real estate investment companies (sociétés de placement à prépondérance…
For life insurance and capitalisation contracts where a unit of account is made up of units in a company mentioned in article L. 160-10 or by a société civile de placement immobilier and subject to articles L. 160-14 and L. 160-15, the adoption by such a company of the system for undertakings for collective real estate investment, under the conditions defined in this section, entails the substitution of this unit…
The company referred to in article L. 160-10 shall decide whether to adopt the rules governing open-ended real estate investment companies (sociétés de placement à prépondérance immobilière à capital variable) under the conditions laid down in the company’s articles of association.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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