Regulatory Alerts2017-07-24
Instruction No. 2017-I-15 of July 24, 2017 on the submission of the mandatory annual report regarding life insurance contracts with benefits linked to the cessation of professional activity
The Prudential Control and Resolution Authority issued Instruction No. 2017-I-15 to mandate that regulated insurance entities submit an annual report detailing life insurance contracts where benefits are tied to the cessation of professional activity. The report must specify the number and value of unsettled contracts for members who have exceeded the retirement age, alongside a comprehensive description of the measures taken to inform these members of their rights. This information is to be submitted electronically by April 15 each year, with contract data sent via the 'OneGate' portal and rights-information details transmitted through the mandatory annual report on abandoned life insurance contracts.
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