French Insurance Code
In forceThe obligation to provide the information referred to in
Article L. 132-9-1is validly fulfilled if the contract, or the notice in the case of contracts referred to in
Article L. 141-1, contains the following information
1° It is stated that the policyholder or subscriber may designate the beneficiary or beneficiaries in the contract and subsequently by amendment to the contract, or, for contracts mentioned in article L. 141-1, in the subscription form and subsequently by amendment to the subscription. It is also stated that the beneficiary may be designated by private agreement or notarial deed.
2° The policyholder or member is informed that, where the beneficiary is designated by name, he/she may enter the beneficiary's details in the contract, which will be used by the insurance company in the event of the insured's death.
3° The policyholder or member is informed that he/she can change the beneficiary clause if it is no longer appropriate.
4° The policyholder's or member's attention is drawn to the fact that the designation becomes irrevocable in the event of acceptance by the beneficiary.
The provisions of this article do not apply to group insurance policies whose purpose is to guarantee repayment of a loan, or to contracts mentioned in article L. 141-1 for which the designation of the beneficiary is not decided by the member.
