French Insurance Code
In forceThis section applies to contracts or commitments for which an appropriation sub-account is kept which is not covered by Article L. 441-8 of the Insurance Code, Article L. 222-1 of the Mutual Code or Article L. 932-24 of the Social Security Code. For each sub-account, the following is drawn up:
a) An appropriation profit and loss account ;
b) An appropriation balance sheet account, showing the assets of the contract(s) or relating to the commitments and its technical provisions;
c) An appendix containing an inventory of the assets of the contract(s) or relating to the commitments and a summary statement of the transactions referred to in articles R. 342-3 and R. 342-4 ;
d) A table of commitments received and given.
These documents are drawn up and approved by the insurance undertaking at the end of each financial year under the same conditions as its individual accounts.
When a contract covered by Article L. 144-2 includes commitments covered by Article L. 134-1 and provides for the acquisition of individual rights relating to commitments not giving rise to the establishment of a diversification reserve, these rights are recorded separately in the auxiliary allocation accounts referred to in VII of Article L. 144-2.
When a contract governed by Article L. 143-1 for which auxiliary allocation accounts are kept includes commitments governed by Article L. 134-1 and provides for the acquisition of individual rights relating to commitments not giving rise to the constitution of a diversification provision, these rights are recorded separately in the auxiliary allocation accounts.
