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France

  • Yannis SamothrakisEmail author
Chapter

Abstract

The law relating to the distribution of insurance-based investment contracts in France is a complex accumulation of statutory provisions, European legal instruments and case law. Lately, the transposition of the Insurance Distribution Directive (IDD) has added an additional layer of complexity as no real effort has been made to rationalise its impact taking into account the existing legal framework, not least Regulation 1286/2014 on key information documents for packaged retail and insurance-based investment products (”PRIIPS Regulation”). This Chapter deals specifically with the liability arising from the distribution, both by insurers and intermediaries, of insurance-based investment products.

Abbreviations

ACPR

Autorité de contrôle prudentiel et de résolution

EEA

European Economic Area

IDD

Directive (EU) 2016/97 on insurance distribution

KID

Key Information Document

ORIAS

Organisme pour le Registre des Intermédiaires en Assurance

PRIIPS Regulation

Regulation 1286/2014 on key information documents for packaged retail and insurance-based investment products

Solvency II Directive

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance

References

  1. Bigot J et al (2014) Traité de droit des assurances, Le contrat d’assurance Tome I, 2nd edn. LGDJ, ParisGoogle Scholar
  2. Kullmann J et al (2017) Lamy Assurances. Wolters Kluwer, Alphen aan den RijnGoogle Scholar
  3. Malaurie P, Aynès L (2016) Droit des obligations, 8th edn. LGDJ, ParisGoogle Scholar
  4. Sabard O (2013) L’évaluation de la perte de chance par le juge judiciaire. Les Petite Affiches 218:23Google Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Clyde & Co LLPParisFrance

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