The insurance company may not demand payment of premiums or contributions. If payment of premiums or contributions ceases, the agreement may provide for forfeiture of vested rights or a reduction in the number of annuity units registered in the member’s account under conditions laid down by decree.
A decree of the Conseil d’Etat shall determine the technical rules and conditions of application of this chapter, in particular the terms and conditions under which the information provided for in Article L. 441-3-1 may be made available to members and the possibility of including this information in the reports provided for in Articles L. 143-2-2 and L. 385-7 for agreements constituting commitments covered by Chapter III of Title IV…
When an insurance undertaking carries out operations falling within the scope of Article L. 441-1, it must keep subsidiary allocation accounts for each agreement. The assets corresponding to these transactions are allocated to the settlement of benefits, whether or not they have been paid. To this end, they are subject to a) A legal mortgage on the buildings, which takes effect on the date of registration; b) a preferential right…
I. – Agreements of any kind in existence on 1 July 2017 and carrying out or providing for the transactions referred to in Article L. 441-1 must be brought into compliance with the provisions of this chapter by 31 December 2017. Without prejudice to II, compliance with existing agreements may not result in a reduction in the service value of the annuity unit. By way of derogation from Article L….
Under the conditions laid down in Chapter I of Title VI of Book III of the French Rural and Maritime Fishing Code, the National Agricultural Risk Management Fund contributes to the development of insurance against agricultural risks and to compensation for damage that may be compensated under Articles L. 361-4-1 and L. 361-5 of the same code and for economic losses linked to the outbreak of an animal or plant…
A grouping may be formed by insurance undertakings meeting the conditions set out in 1°, 2° and 4° of I of Article L. 361-4-1 of the French Rural and Maritime Fishing Code in order to: 1° Carry out, within the meaning of the first paragraph of I of article L. 310-1-1 of the present code, reinsurance for the benefit of its members for a share, the limits of which are…
I. – The grouping referred to in article L. 442-1-1 is created by an agreement which specifies in particular its organisation, its operation and the procedures for carrying out its tasks, as well as the procedures for its dissolution, and contains stipulations under the terms of which : 1° The members of the grouping are required to transfer to the grouping a share, set by the decree referred to in…
At the end of a period which may not be less than eighteen months following the entry into force ofOrder no. 2022-1075 of 29 July 2022 on the development of climate risk management tools in agriculture, in the absence of an agreement approved in accordance with the procedures provided for in III of article L. 442-1-2 and if the distribution of insurance contracts benefiting from the aid provided for in…
I. – Any insurance undertaking which markets insurance products against climate risks in agriculture benefiting from the aid provided for in the second paragraph of article L. 361-4 of the Rural and Maritime Fishing Code and which complies with the conditions provided for in 1°, 2° and 4° of I of article L. 361-4-1 of the same code is a member of the group mentioned in article L. 442-1-1 of…
Each year, the grouping submits to the Autorité de contrôle prudentiel et de résolution a document which : 1° Details its accounts ; 2° Evaluates the technical provisions in accordance with the rules applicable to insurance undertakings.
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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