French Insurance Code
In forceFor tacitly renewable contracts covering natural persons outside their professional activities, the deadline for the policyholder to exercise the right to cancel the contract must be stated with each annual premium or contribution due date notice. If this notice is sent to the policyholder less than fifteen days before this date, or if it is sent after this date, the policyholder is informed with the notice that he/she has a period of twenty days following the date on which the notice is sent to cancel the renewal of the contract. In this case, the cancellation period runs from the date shown on the postmark or certified by a time stamp meeting the requirements defined by decree.
Where this information has not been sent to the policyholder in accordance with the provisions of the first paragraph, the policyholder may terminate the contract, without penalty, at any time from the renewal date by sending notice by letter, any other durable medium or the means provided for in article L. 113-14 to the insurer. Cancellation takes effect on the day following the date shown on the postmark or the date of notification.
The insured is liable for payment of the part of the premium or contribution corresponding to the period during which the risk was incurred, calculated up to the effective date of cancellation. Where applicable, the insurer must reimburse the insured, within thirty days of the effective date of cancellation, for the part of the premium or contribution corresponding to the period during which the risk did not accrue, calculated from the said effective date. Failing reimbursement under these conditions, the sums due shall bear interest at the legal rate.
The provisions of this article do not apply to life insurance or group insurance covered by article L. 141-1.
