A ministerial order dated 24 August 2011 has amended Article A. 132-7 of the French Insurance Code (FIC) on information to be provided in relation to life insurance and pricing. A new paragraph has been added, which specifies the procedure for providing life annuity estimates to members. The insurer must provide the member with the estimate amount of life annuity paid in respect of the rights expressed in euros and the amount of the life annuity associated with the rights expressed in account units. The amendment will come into force on 1 January 2012.
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