For the purposes of 3° of Article L. 142-3 of the French Insurance Code, the retirement savings plan may provide additional cover in the event of the insured person’s loss of autonomy, provided it meets the following conditions: 1° The contract entitles the insured person to the payment of a lump sum or a life annuity; 2° The contract includes a mechanism for reducing rights in the event of non-payment…
Supplementary cover in the event of loss of autonomy is the subject of a separate section of a policy common to the retirement savings plan, with an indication of the content of the cover and the corresponding premium. The contract sets out the conditions under which the supplementary cover is maintained in the event of termination, transfer or surrender of the retirement savings plan.
Where the retirement savings plan includes a supplementary guarantee as provided for in 3° of article L. 142-3 of the French Insurance Code, the plan manager will provide the policyholder with the following information each year, in addition to the information provided for in article R. 224-2 of the French Monetary and Financial Code: 1° The amount of the revalued guarantee, including when it has been reduced as provided for…
I.-The threshold mentioned in the third paragraph of article L. 143-2 is 5,000 members. II-The threshold mentioned in the last paragraph of article R. 143-2 is 100 members for each category.
I.-In application of article L. 143-2-2, members of a contract referred to in the first paragraph of article L. 381-1 and guaranteed by a supplementary professional retirement fund shall be provided, on request, within a period not exceeding one month: -the management report and annual accounts relating to the auxiliary allocation account(s) referred to in articles L. 143-4 and L. 381-2 ; -the report indicating the investment policy and the…
For the contracts mentioned in article L. 143-1, when the guarantees are expressed in units of account, the insurer or the supplementary occupational pension fund, at the request of the subscriber, member or beneficiary, will inform him within a period which may not exceed one month of the range of possible investment options and the existing investment portfolio, with a description of the risks and costs relating to these investments.
The notice referred to in the first paragraph of article L. 143-2-2 contains the following information 1° The name, country of origin and name of the authority responsible for supervising the supplementary occupational pension fund, the institution for occupational retirement provision or the insurance company guaranteeing the contract; 2° The corporate name and contact details of the subscriber; 3° The essential terms of the contract, in particular the guarantees offered…
The accounts of any grouping referred to in Article L. 144-2 are drawn up in accordance with rules determined by a regulation of the French Accounting Standards Authority (Autorité des normes comptables). The annual budget of a popular retirement savings plan is drawn up by the supervisory committee of this plan in accordance with the rules for drawing up the association’s accounts. It specifies in an appendix the amount of…
Payments made by members of a plan are made payable to the insurance company and are deposited directly into the account(s) referred to in article R. 144-10. Such payments may also be made payable to the subscriber of the plan provided that they are deposited in a cash account exclusively dedicated to the collection of such payments and that they are repaid within less than seven days to the account…
The rates charged by insurance undertakings for plans covered by 1° or 2° of article R. 144-18 are based on a rate of 0% at the most.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
