For the purposes of this article, the duration of the liabilities of an insurance undertaking is a prudent estimate of the weighted average maturity of future payments relating to regulated commitments. This estimate must be a whole number and may not exceed 8. This duration is calculated annually for the purposes of Article A. 343-1-3.
When the company decides to apply the provisions of article R. 343-6, it shall open an account, the balance of which may not at any time be in credit or exceed the total unrealised loss referred to in article R. 343-5, as follows: a) This account is debited with a sum equal to the amount of the allocation to the provision for credit risk for the financial year; b) The…
For the purposes of the second paragraph of article R. 343-9, the bodies whose price index forecasts constitute the reference for price index forecasts are: “The European Commission; “The Organisation for Economic Co-operation and Development (OECD).
I.- Pursuant to Article R. 343-11, the Autorité de contrôle prudentiel et de résolution may request that an expert appraisal be carried out to determine the value of all or part of the assets of undertakings, in particular buildings and shares in property companies belonging to them or on which they have granted a loan or mortgage, as well as forward financial instruments used by undertakings. The value resulting from…
For listed securities, the estimate provided for in Article R. 343-10 is made according to the same rules as those defined in article 121-6 of regulation no. 2015-11 of 26 November 2015 of the Autorité des normes comptables relating to the accounting framework for insurance undertakings, replacing the capital C by the value of the freehold at the lowest price on the day of the inventory and, for other investments,…
When securities subject to the capitalisation reserve are included in the portfolio, their actuarial rate of return is calculated taking into account the acquisition price, the probabilities, maturity dates and amounts, net of all taxes, of coupons, prizes and other ancillary benefits attached to these securities, and the redemption values. For the bonds referred to in the second paragraph of article R. 343-9, the calculation is made by taking the…
When a bond is sold or converted, the operation is applied to the oldest security in the portfolio. In the event of the sale or conversion of a security, the date of acquisition of the security is used to calculate its current value on the date of sale or conversion, based on the actuarial rate referred to in article A. 343-3. For the bonds mentioned in the second paragraph of…
Companies whose investments in securities subject to the capitalisation reserve do not exceed 750,000 euros at the inventory date may not apply the provisions of articles A. 343-3 and A. 343-3-1 (paragraphs 2, 4 and 5). In such cases, these companies are required to transfer to the capitalisation reserve 10% of the excess resulting from the comparison between the amount of the sale price and the entry price in the…
A permanent inventory of investments must be kept under the following conditions: a) Entries and withdrawals of investments must be recorded therein, independently of their entry in the accounts, no later than the day after the commitment is made (for loans and buildings) or the purchase or sale notice is received (for securities); b) Each security heading must be tracked individually and include a description of the security and its…
Companies must either issue policies under a continuous numbering system that may comprise several series, without omission or duplication, with successive riders being attached to the original policy, or assign policyholders or members continuous numbers that meet the same requirements. Information relating to these documents must be easily accessible at all times and must include at least the following information : – either the number of the contract or rider,…
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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