Events and claims that give rise or are likely to give rise to at least one of the guarantees provided for in the contract, or outflows, are recorded as soon as they are known, under a continuous numbering system that may comprise several series. This record is made by year of occurrence or, in the case of transport, by year of subscription. It includes the following information: date and number…
Reinsurance treaties, acceptances, cessions and retrocessions are recorded in chronological order under a continuous numbering system. The following information must be recorded on a document that can be easily consulted: -treaty serial number; -signature date; -effective date; -duration; -name of the ceding party, assignee or retrocessionaire; -nature of the risks covered by the treaty; -date on which the treaty takes effect; -nature of the treaty.
Undertakings participating in co-insurance or co-reinsurance pools must draw up, for each of these pools, an easily accessible document setting out in detail the operation of the pool and the accounting treatment of transactions carried out by the undertaking within the framework of the pool. The company must be able to justify all the accounting entries relating to operations carried out within the group, in particular the calculation of provisions….
Transactions carried out by undertakings subject to State supervision by virtue of Article L. 310-1 or 1° of III of Article L. 310-1-1 and by the supplementary occupational pension funds referred to in Article L. 381-1 are divided into the following categories of transaction: 1 Single premium capitalisation contracts (or free payments) ; 2 capitalisation contracts with periodic premiums; 3 Individual term life assurance policies (including open groups); 4 Other…
The amount referred to in the first paragraph of article R. 341-8 is set at €0.76.
The thresholds mentioned in d of I of Article R. 352-29 of the Insurance Code are as follows : – i: 2,700,000 euros ; – ii: 4,000,000 euros ; – in iii: 3,900,000 euros for the amount relating to reinsurance undertakings and 1,300,000 euros for the amount relating to captive reinsurance undertakings.
Pursuant to L. 355-3, when predefined events occur which may lead, or have already led, to significant changes in their activities and results, their system of governance, their risk profile, or their solvency and financial situation, insurance and reinsurance undertakings and the undertakings referred to in I of Article L. 356-21 must notify the Autorité de contrôle prudentiel et de résolution of the occurrence of such an event and of…
In accordance with article R. 356-17, when an undertaking mentioned in the first paragraph of article R. 356-8 is a participating undertaking of a credit institution, an investment firm or a financial institution, that undertaking applies, for the calculation of the group’s solvency, the accounting consolidation method, known as method No. 1, defined in Article 9 of the Order of 3 November 2014 on the supplementary supervision of financial conglomerates…
I. – The required information referred to in article L. 362-1 must be written in the French language and include the following information: a) The name and address of the company’s registered office ; b) The address of the branch in France from which the Autorité de contrôle prudentiel et de résolution and the Minister for the Economy and Finance may request information in the exercise of their powers; c)…
I. – The information required under article L. 362-2 must be written in French and include the following information: a) The name and address of the company’s registered office ; b) A list of the lines of business which the undertaking is authorised to conduct; c) The nature of the risks or commitments that the company proposes to underwrite or guarantee on French territory; d) If the company proposes to…
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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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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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