French Insurance Code
In forceThe insurance company has a period of fifteen days, after receiving notice of the death and becoming aware of the beneficiary's details, or at the end of the term of the contract, to ask the beneficiary of the life insurance contract to provide all the documents required for payment.
On receipt of these documents, the insurance company pays the guaranteed capital or annuity to the beneficiary of the life insurance policy within a period of not more than one month.
Several requests for documents made by the insurance company may not concern identical or redundant documents.
After the fifteen-day period referred to in the first paragraph, the capital sum automatically earns interest at double the legal rate for a period of one month and then, on expiry of this one-month period, at three times the legal rate.
After the period stipulated in the second paragraph, the unpaid capital automatically earns interest at double the legal rate for a period of two months and then, on expiry of this two-month period, at three times the legal rate. The period during which the capital has, where applicable, earned interest pursuant to the penultimate paragraph shall be deducted from the calculation of this two-month period. If, after the fifteen-day period referred to in the first paragraph, the company has failed to ask the beneficiary for one of the documents required for payment, this omission does not suspend the payment period referred to in this article.
