Sources#

Source ids [S#]/[R#] are carried verbatim from _research/rente-viagere.md (the citation ground truth; ids frozen — never renumber). Only sources actually cited in product-spec.md / technical-notes.md (same directory) are listed; the single unused id — R26, a law-firm blog commentary the research file records as returned truncated with no substantive content readable — is omitted without renumbering. No new sources were fetched at drafting, and no figure, URL, article number or document code appears here that the research file did not record. All citations accessed 2026-08-26. Quoted French keeps its original comma decimal; the drafting documents use the English decimal point. Cross-product [REG-R#] tags are listed in their own section at the end.

Primary product sources#

S1 — Carac, “Règlement Mutualiste C valant Note d’Information — Rente Viagère Immédiate”#

  • Publisher / type: Carac, mutuelle (Livre II du Code de la mutualité, SIREN 775 691 165); règlement mutualiste valant note d’information, 12 pp., in force 15 November 2023, ref. RM005 … 16100023_VF

  • URL: https://www.carac.fr/media/rm/RM005_Reglement%20Mutualiste%20Rente%20Viagere%20Immediate_16100023_VF.pdf

  • Retrieved: YES (PDF downloaded, full text extracted with pdftotext -layout).

  • Used for: the only genuine standalone immediate-annuity contract retrieved — entry ages 50–85 (C5, C8, C12); the capital réservé / capital aliéné fork and its 70% death capital (encadré, C3, C15, C17.1); charges of 2.44% per payment and 0.55% on provisions mathématiques with “autres frais: néant” (encadré, C9, C10); semi-annual terme échu payment and proof of life (C13); reversion at 50/60/100% with the €77-a-year floor (C16); the no-surrender restatement (C3); the prorata d’arrérages and its €15 de-minimis (C17.2); bonification (C11, C18); renonciation (C7); prescription (C20).

S2 — Suravenir, “SURAVENIR PER — Notice du contrat n° 2240” (Réf. 5257-4, 08.2024)#

  • Publisher / type: Suravenir (groupe Crédit Mutuel Arkéa); notice d’information of a group PER, 25 pp.; PDF hosted by the distributor assurancevie.com

  • URL: https://www.assurancevie.com/assets/files/web/puissance_avenir_per/notice_suravenir_per.pdf

  • Retrieved: YES (PDF downloaded, full text extracted).

  • Used for: the mechanics anchor — conversion inputs, the 0.00% taux technique and “payable par mois civil à terme échu” (pt 10.d); the non-cumulative, irrevocable option set of réversion 1–100% of the annuity reached at death, annuités garanties 5 years to min(25, life expectancy − 5) in 5-year steps, and the four paliers schemes (pt 10.e); revalorisation at 31 December (pt 10.f); 0.00% on quittances with 0.80% frais sur encours; proof of life; the A. 160-2 commutation “avec l’accord de l’assuré”; and the PER compartment tax table with the €110/month threshold.

S3 — Suravenir, “Notice du contrat n° 2139 — Puissance Avenir PERP” (Réf. 4833-3, 10/2018)#

  • Publisher / type: Suravenir / Association d’Épargne pour la Retraite; notice d’information of a PERP; PDF hosted by assurancevie.com

  • URL: https://www.assurancevie.com/assets/files/web/puissance_avenir_perp/notice_pa_perp.pdf

  • Retrieved: YES (PDF downloaded, full text extracted).

  • Used for: the same option architecture, monthly terme échu payment and 0% technical rate as [S2] (pt 11.d, 11.e); the only operative statement of the annuity profit-sharing mechanism, under point III of art. A. 132-11 “en incluant le résultat technique généré par ces mêmes rentes” with “100 % du solde créditeur” attributed; the first-year pro rata temporis rule; and the 0% / 0.68% charge structure.

S4 — Spirica, “ASAC-FAPES PER — Conditions Générales valant Notice d’information” (CG9406, 01/10/2022)#

  • Publisher / type: Spirica (groupe Crédit Agricole Assurances) for ASAC-FAPES; conditions générales valant notice d’information, 34 pp.; PDF hosted by gpm.fr

  • URL: https://www.gpm.fr/wp-content/uploads/2022/12/CONDITIONS_GENERALES_PER_ERES_SPIRICA.pdf

  • Retrieved: YES (PDF downloaded, full text extracted).

  • Used for: four payment frequencies at the adherent’s choice; 0% on quittances with 2.3% maximum on the annuity support and the 1%-of-PMSS-per-instalment cap (§7.3.2.3); réversion 50–150% in 10-point steps and the combined réversible à annuités garanties (§7.3.2.2); the free-form paliers design; the conversion inputs and “L’Assureur ne garantit pas le montant de la Rente avant la liquidation” (§7.3.2.3); art. A. 160-2-1 at €100 with the grouping right; and the attribution of the “life expectancy minus 5 years” cap to art. A. 335-1, which that article’s retrieved text does not contain (R1–R3).

S5 — CNP Assurances / GERP CNP, “Solution Plan Épargne Retraite — Notice d’information”#

  • Publisher / type: CNP Assurances; notice d’information of an individual PER, ~35 pp.; PDF mirrored on a third-party site (reassurez-moi.fr)

  • URL: https://guide.reassurez-moi.fr/guide/wp-content/uploads/2021/02/per_prevoir_cg.pdf

  • Retrieved: YES (PDF downloaded, full text extracted). No reference code or edition date appears in the extracted text; the mirror was posted February 2021, so the edition is treated as 2020/2021 vintage wherever its figures are quoted.

  • Used for: the 3%-maximum frais sur les rentes servies per arrérage and the 1%-maximum annual charge on the capitaux constitutifs de rente (encadré); quarterly terme échu payment; conversion on “les bases techniques en vigueur”; the small-annuity capital exit, including for the reversion annuity with the réversataire’s agreement; réversion at 100 / 80 / 60%; and the dependency doubling before 70 on a non-reversible annuity only.

S6 — Préfon / CNP Retraite, “Notice d’information du régime de retraite supplémentaire de la Préfon” (application 1 January 2026)#

  • Publisher / type: Préfon (souscripteur), CNP Retraite (assureur); notice d’information of a points-based PER, 20 pp. plus annexes

  • URL: https://www.prefon.fr/assets/files/prefon-retraite/notices/notice-d-information-prefon-retraite-2026.pdf

  • Retrieved: YES (PDF downloaded, full text extracted).

  • Used for: the cessation rule — arrears “payés mensuellement à terme échu”, ceasing “à compter du premier jour du mois qui suit le décès”; the published reversion-coefficient table by age difference and reversion rate, reproduced in technical-notes.md, and the definitiveness of the reduction (5.4.3); the €40-a-month issue floor measured before options (5.2.3 b)); “Il n’y a pas de frais prélevés sur les rentes servies” (12); the absence of contractual participation aux bénéfices in a points régime; the dependency rider in full (5.4.4, Annexe 2); and the annexe fiscale on the RVTG/RVTO split and social levies.

S7 — La France Mutualiste, “Contrat individuel de rente viagère différée — Retraite Mutualiste du Combattant” (RMCADH0422/D1)#

  • Publisher / type: La France Mutualiste (Code de la mutualité); dossier d’adhésion containing the note d’information valant règlement mutualiste and a fiscal annexe

  • URL: https://www.la-france-mutualiste.fr/sites/default/files/paragraph/files/2023-01/RMCADH0422-D1%20-%20V2.pdf

  • Retrieved: YES (PDF downloaded, full text extracted).

  • Used for: the barème built on “les tables prospectives de génération et le taux d’intérêt technique en vigueur”, revisable in-year (5.3); the 3% frais de transformation en rente per arrérage and 0.50% a year on managed savings (17.1–17.3); quarterly terme échu payment and the right to change the periodicity for annuities in payment (6.3); the prorata d’arrérages to the heirs (7.3); the capitaux réservés regime and its alienation into a survivor annuity (encadré §2, 9–10); the 5% pre-tenth-anniversary penalty (15); the at-least-85% profit account (encadré §3–4, 16); and the fiscal annexe’s RVTO abatements and 17.2% social levies.

S8 — AG2R La Mondiale, “Rente Universelle — une rente viagère pour compléter vos revenus”#

  • Publisher / type: AG2R La Mondiale; product web page (marketing), not a notice d’information

  • URL: https://www.ag2rlamondiale.fr/rente-viagere

  • Retrieved: YES (web page).

  • Used for: a currently marketed standalone immediate annuity — the €30,000 minimum capital, the €40-a-month minimum annuity, four payment frequencies, the irreversibility of the decision, réversion 5–100% with a réversion majorée to 200%, annuités garanties with durations not stated, a capital décès, a dependency doubling with no figures, frais d’arrérage named without a figure, and the RVTO fractions. The page states no maximum subscription age and no payment timing.

S9 — CRH / C.G.O.S, “Guide Infos 2025” (Complément Retraite des Hospitaliers), pages 26–28#

  • Publisher / type: Comité de Gestion des Œuvres Sociales des établissements hospitaliers publics for the CRH régime; member guide (flipbook HTML pages)

  • URL: https://crh.cgos.info/flipbook-guide-info-retraite/files/basic-html/page27.html (pages 26 and 28 also fetched)

  • Retrieved: YES (pages 26, 27, 28).

  • Used for: a second points-based régime — reversion at 60 / 80 / 100% with flat coefficients of 92.5 / 90 / 87.5%; the annuités garanties cap of 25 years and the additional life-expectancy-less-five-years limit on the generational tables; quarterly terme échu payment; and the lump-sum settlement of a reversion below 500 points.

S10 — Allianz France, “Contrats de rente viagère” (espace client guide)#

  • Publisher / type: Allianz France; product guide page

  • URL: https://espaceclient.allianz.fr/pmt/guide/Retraites.STANDARD/Contrats_de_rente_viagere_18.html

  • Retrieved: NO — HTTP 403 Forbidden on two successive attempts. Known reference only; no Allianz content is cited anywhere in the drafting documents.

  • Used for: the coverage caveat under “Variations across insurers” only.

Regulatory and actuarial references (product research numbering)#

R1 — Arrêté du 1er août 2006 portant homologation des tables de mortalité pour les rentes viagères#

  • Publisher: Ministère de l’économie, des finances et de l’industrie (JORF)

  • URL: https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000000820127 (LODA consolidated view also fetched at https://www.legifrance.gouv.fr/loda/id/JORFTEXT000000820127)

  • Retrieved: YES (both views).

  • Used for: article 2 verbatim — TGF05 for female and TGH05 for male insureds, for contrats de rente viagère, from 1 January 2007, replacing the 1993 generation table; and the negative finding that its fourteen amending points contain no rule on annuités garanties and no “life expectancy minus five years” limit.

R2 — Code des assurances, article A. 335-1 (version 21/12/2012 – 01/01/2016; abrogated)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000026806627

  • Retrieved: YES; the article is marked ABROGÉ in the section table of contents.

  • Used for: the citation-hygiene point that “art. A. 335-1” is historically correct but no longer the live reference, and for the same negative finding on the guaranteed-period cap. The abrogating instrument and the gap to 07/09/2017 are unverified.

R3 — Code des assurances, article A. 132-18 (in force since 07/09/2017)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000035514715

  • Retrieved: YES (full verbatim text).

  • Used for: the operative tariff article — the two permitted table families; the unisex rule, that a single table applied to all insureds must be “la table appropriée conduisant au tarif le plus prudent”; the décalages d’âge correction for non-annuity survival contracts; and the experience-table floor for rentes viagères.

R4 — Code des assurances, article A. 132-1 (in force since 07/09/2017)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000035514601

  • Retrieved: YES (partly as a structured summary rather than full verbatim).

  • Used for: the maximum taux technique — 75% of the TME on a half-yearly basis, and beyond eight years the lower of 3.5% and 60% of that average, the rate at subscription binding. The retrieved text contains no annuity-specific paragraph, which is why the “beyond eight years” reading is flagged unverified.

R5 — Code des assurances, article A. 132-1-1 (in force 01/01/2020)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000039801948

  • Retrieved: YES.

  • Used for: the six-month arithmetic mean multiplied by 60% or 75%; the 0.25-point ladder of origin zero; the −0.10 / +0.35-point stickiness thresholds; and the three months allowed to implement a change.

R6 — Code des assurances, article A. 132-3 (version 07/09/2017)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000035514611

  • Retrieved: YES (as a structured summary rather than full verbatim).

  • Used for: the caps on rates that may be guaranteed in advance — the lower of 150% of the maximum technical rate and the higher of 120% of it and 110% of the two-year average credited rate, fixed for at least six months. The percentages were returned as a paraphrase and are treated as such.

R7 — Code des assurances, Section V, articles A. 132-10 to A. 132-17 (participation aux bénéfices)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/section_lc/LEGITEXT000006073984/LEGISCTA000031738019/ and https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000038714192/2019-07-01 (A. 132-11)

  • Retrieved: YES (section listing and A. 132-11; mostly as summary, except the eight-year sentence, which is verbatim).

  • Used for: the minimum profit sharing determined globally from a compte de participation aux résultats credited with 85% of a financial account, the insurer retaining the greater of 10% of the credit balance and 4.5% of annual premiums (unverified as to exact formulation); art. A. 132-16 verbatim on the eight-year release horizon; and point III of art. A. 132-11 as the basis of the annuities-in-payment account used at [S3].

R8 — Code des assurances, article L. 132-23#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000038837141

  • Retrieved: YES; version in force since 14 June 2026 (LOI n° 2026-492 du 12 juin 2026).

  • Used for: the no-surrender rule, verbatim — “Les assurances temporaires en cas de décès ainsi que les rentes viagères immédiates ou en cours de service ne peuvent comporter ni réduction ni rachat” — and the statutory early-release cases, which belong to the accumulation phase of a retirement contract.

R9 — Code des assurances, article L. 160-5#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000006793993

  • Retrieved: YES (full verbatim).

  • Used for: the permission, “nonobstant toutes dispositions contractuelles contraires”, to transform or buy back annuities below a minimum fixed by arrêté; the statute itself fixes no figure.

R10 — Code des assurances, Section IV, articles A. 160-2, A. 160-2-1 (abrogated), A. 160-3, A. 160-4#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/section_lc/LEGITEXT000006073984/LEGISCTA000006173957/

  • Retrieved: YES (section listing with per-article version banners).

  • Used for: the €110-a-month threshold including majorations légales, in force since 22/07/2023, multiplied by the number of months in the payment period; the abrogated PER twin at €100; the buy-back barème on the provision mathématique of the règlement ANC n° 2015-11 du 26 novembre 2015 (A. 160-3); and the grouping right with the choice between rachat and transformation (A. 160-4).

R11 — Arrêté du 20 décembre 2005 relatif aux tables de mortalité#

  • Publisher: Ministère de l’économie (JORF)

  • URL: https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000000636581

  • Retrieved: YES.

  • Used for: the homologation of TH00-02 / TF00-02 for “contrats autres que de rente viagère” on INSEE data — i.e. the negative fact that these are not the annuity tables.

R12 — Code des assurances, Annexe (9) à l’article A. 335-1 — table TGF05#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000019266402/2019-05-24

  • Retrieved: YES (structure only; the numeric table was not extracted and is reproduced nowhere in this library).

  • Used for: that the tables run ages 0–120 with survivors indexed to 100,000, and that Légifrance marks this annexe abrogated from 1 January 2016 — the current annexe location being unidentified and unverified.

R13 — Code général des impôts, article 158 (paragraphs 5-a and 6)#

  • Publisher: Légifrance

  • URL: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000042158853/2020-07-25

  • Retrieved: YES.

  • Used for: the RVTO taxable fractions by age at entrée en jouissance (70 / 50 / 40 / 30%) and the 10% pension abatement of art. 158, 5-a, capped at €3,850 and floored at €393.

R14 — BOFiP, BOI-RSA-PENS-30-20 — “Rentes viagères à titre onéreux”#

  • Publisher: Direction générale des Finances publiques

  • URL: https://bofip.impots.gouv.fr/bofip/369-PGP.html/identifiant=BOI-RSA-PENS-30-20-20170711

  • Retrieved: YES.

  • Used for: how the date d’entrée en jouissance is fixed for an immediate versus a deferred annuity, and the rule that for a spousal reversion the elder spouse’s age governs the fraction throughout.

R15 — BOFiP, BOI-RSA-PENS-10-40 — “Rentes viagères à titre gratuit ou à titre onéreux”#

  • Publisher: Direction générale des Finances publiques

  • URL: https://bofip.impots.gouv.fr/bofip/366-PGP.html/identifiant=BOI-RSA-PENS-10-40-20140502

  • Retrieved: YES.

  • Used for: the boundary between the two regimes, and the express listing of annuities served by insurance companies against a capital as à titre onéreux.

R16 — CJUE, affaire C-236/09, Test-Achats, 1 March 2011#

  • Publisher: Court of Justice of the European Union (EUR-Lex / Curia)

  • URL: https://eur-lex.europa.eu/legal-content/FR/TXT/PDF/?uri=CELEX:62009CJ0236

  • Retrieved: NO — the EUR-Lex PDF endpoint returned an empty body; Curia’s case page was not fetched. Known reference only.

  • Used for: naming the judgment in the chain of authority. Every statement about its operative wording or temporal boundary is unverified and is carried through R17 R18 R25 instead.

R17 — Assemblée nationale, question écrite n° 41093 (21 September 2021) and ministerial answer (28 December 2021)#

  • Publisher: Assemblée nationale / Ministère de l’économie, des finances et de la relance

  • URL: https://questions.assemblee-nationale.fr/q15/15-41093QE.htm

  • Retrieved: YES.

  • Used for: the clearest official statement of how France applies unisex pricing to annuities — the permitted tables under art. A. 132-18, the 2011 CJEU ruling, the loi du 26 juillet 2013 amending art. L. 111-7, and the ministry’s acknowledgement that using TGF05 generates technical surpluses which must be returned to policyholders in substantial part within eight years. The deputy’s own “environ 15 %” male-disadvantage figure is her assertion, not the ministry’s, and is unverified.

R18 — Assemblée nationale, question écrite n° 14295 and ministerial answer#

  • Publisher: Assemblée nationale / Ministère de l’économie

  • URL: https://questions.assemblee-nationale.fr/q15/15-14295QE.htm

  • Retrieved: YES.

  • Used for: the same chain of authority one legislature earlier, and the rendering of the temporal boundary as contracts concluded after 20 December 2012. The deputy’s “up to 20%” figure is likewise unverified.

R19 — Institut des actuaires / Frédéric Planchet, “Tables TGH / TGF 05 : Construction”, réunion du 22 mars 2007#

  • Publisher: Institut des actuaires (the slide footer reads “CONFIDENTIEL”; the file is served publicly from the Institute’s own site)

  • URL: https://www.institutdesactuaires.com/global/gene/link.php?doc_id=242&fg=1

  • Retrieved: YES (PDF downloaded, 16 slides, full text extracted).

  • Used for: the construction of the mandatory tables — 19 annuitant portfolios, about 700,000 liquidated annuities over 1993–2005, Kaplan-Meier raw rates, locally-Gompertz pre-smoothing, logit positioning against an INSEE spline/Lee-Carter reference over ages 40–95 and years 1994–2004, the INSEE structure imposed below 40, projection to 2100 forced onto national mortality, quadratic logit closure above 95, the +1% on male rates from 60 to 94, and the coverage condition age + generation > 1995 — and for the published residual life expectancies at 60 that anchor the std taux de rente. No rate values are taken from this deck.

R20 — ACPR, Analyses et Synthèses n° 66, “Le taux technique en assurance vie” (2016)#

  • Publisher: Autorité de contrôle prudentiel et de résolution / Banque de France

  • URL: https://acpr.banque-france.fr/sites/default/files/medias/documents/201606_as66_le_taux_technique_en_assurance_vie.pdf

  • Retrieved: NO from the ACPR — both the PDF and the landing page returned HTTP 403 on two successive attempts. The abstract only was read from the RePEc mirror https://ideas.repec.org/p/bfr/analys/66.html (Retrieved: YES).

  • Used for: the abstract’s findings that the technical rate functions in practice as a lifetime minimum guaranteed return and that zero-technical-rate contract families dominate every commercialisation cohort. Nothing the paper says specifically about rentes viagères is known.

R21 — Addactis, “Taux techniques Vie et non Vie” (running tracker)#

  • Publisher: Addactis (actuarial software and consulting firm) — secondary source

  • URL: https://www.addactis.com/fr/blog/taux-techniques-vie-non-vie/

  • Retrieved: YES.

  • Used for: the published ceiling — maximum technical rate 2.00% with a monthly reference TME of 3.90% as at 31 July 2026, page last updated 1 August 2026. A commercial tracker: an order of magnitude, to be re-derived from the TME before reliance.

R22 — Arrêté du 7 décembre 2012 portant majoration de certaines rentes viagères#

  • Publisher: Ministère de l’économie (Légifrance, LODA consolidated to 29/04/2018)

  • URL: https://www.legifrance.gouv.fr/loda/id/LEGITEXT000026768614/2018-04-29

  • Retrieved: YES.

  • Used for: the majorations légales machinery that art. A. 160-2 R10 requires to be included when testing the small-annuity threshold — State-funded uplifts of legacy annuities under the loi n° 49-420 du 25 mars 1949 and successors, with coefficients keyed on the year the annuity originated. Not the ordinary revalorisation of a modern annuity.

R23 — MoneyVox, “Rentes viagères : quelle différence entre frais d’arrérage et frais de gestion ?” (2 April 2015)#

  • Publisher: MoneyVox (personal-finance press) — secondary source, and dated

  • URL: https://www.moneyvox.fr/placement/actualites/51409/rentes-viageres-quelle-difference-entre-frais-arrerage-et-frais-de-gestion

  • Retrieved: YES.

  • Used for: the market picture of annuity charging — frais d’arrérage “typically around 3%” or a flat €2–5 per instalment at one insurer, and annuity-fund charges of about 0.60%–0.90% a year. Only the Suravenir PERP figure is independently confirmed, by [S3]; every other figure here is press-reported and unverified.

R24 — UFC-Que Choisir Var-Est, “La rente viagère avec des frais d’arrérage et frais de gestion”#

  • Publisher: UFC-Que Choisir (consumer association local branch) — secondary source

  • URL: https://www.ufc-quechoisir-var-est.org/la-rente-viagere-avec-des-frais-darrerage-et-frais-de-gestion/

  • Retrieved: YES.

  • Used for: one point only — that the terminology is not standardized, “frais sur arrérages de rentes”, “frais de quittances” and “frais de gestion sur arrérages” all denoting the same deduction, which is why a model must read each contract’s own definition.

R25 — MoneyVox, “Table de calcul des rentes viagères TGF05 et TGH05”#

  • Publisher: MoneyVox — secondary source

  • URL: https://www.moneyvox.fr/retraite/tables-mortalite-tgf05-tgh05.php

  • Retrieved: YES.

  • Used for: the coverage of the tables (generations 1900–2005, ages 0–120), which fixes the model’s ω = 120; and the rendering of the unisex boundary as contracts signed after 20 December 2012. Its further claim of a unified table for collective retirement plans from 24 October 2024 is unverified and is not used; the survivor rows it reproduces are neither used nor reproduced here.

Cross-product references ([REG-R#])#

[REG-R#] tags resolve against references/regulatory-and-actuarial-references.md (that library’s own R1–R49 numbering, frozen; distinct from the product research numbering above). Research provenance: _research/regulatory-actuarial.md. Entries cited by the rente viagère documents:

  • REG-R1 — Directive 2009/138/CE (Solvabilité II): the best estimate as the probability-weighted average of future cash flows, market-consistently discounted.

  • REG-R2 — Règlement délégué (UE) 2015/35: the implementing detail of that calculation.

  • REG-R5 — EIOPA risk-free interest rate term structures, published monthly: the curve a reader applies to the cash flows this model produces.

  • REG-R6 — C. ass. art. R. 343-3: the eleven life technical provisions, of which the provision mathématique holds an annuity in payment, including future management costs.

  • REG-R7 — C. ass. art. R. 343-5: the provision pour risque d’exigibilité on the assets backing the annuity fund.

  • REG-R14 — C. ass. art. L. 331-3: the statutory obligation to share technical and financial profits with policyholders.

  • REG-R15 — C. ass. arts. A. 132-10 to A. 132-15: the compte de participation aux résultats, determined globally rather than contract by contract.

  • REG-R16 — C. ass. arts. A. 132-16 / A. 132-16-1: the eight-year release horizon on the provision pour participation aux bénéfices, and the exceptional reprise.

  • REG-R17 — C. ass. arts. A. 132-1 / A. 132-1-1: the maximum taux technique, whose binding limb over an annuity’s duration is min(3.5%, 60% of TME).

  • REG-R18 — C. ass. arts. A. 132-2 / A. 132-3: the ceilings on any taux minimum garanti layered on the technical rate.

  • REG-R21 — Arrêté du 1er août 2006: the homologation of TGH05 / TGF05 as the generational annuity tables, and the library’s posture of citing without shipping them.

  • REG-R23 — C. ass. art. A. 335-1 and its Annexe: which table applies to what, the most-prudent-single-table rule, and the annuity experience-table floor.

  • REG-R24 — INSEE mortality and life-expectancy data: the only freely redistributable French series, and the source behind every std decrement CSV this library ships.

  • REG-R29 — C. ass. arts. L. 132-5-1 / L. 132-5-2: the thirty-day renonciation right, which sits before the annuity starts and outside the projection.

  • REG-R30 — C. ass. arts. A. 132-4 / A. 132-8: the note d’information and the one-page encadré, which require charge maxima to be disclosed but cap nothing — the reason every charge level in this product is either sourced or std.

  • REG-R34 — Loi PACTE art. 71 and CMF arts. L. 224-1 to L. 224-8: the PER, whose annuity leg is this model and whose versements obligatoires compartment must be annuitized.

  • REG-R43 — Institut des actuaires NPA 1, Pratiques actuarielles générales.

  • REG-R44 — Institut des actuaires NPA 2, Modèles actuariels: the standard against which a published model, worked example and test suite are judged.

  • REG-R45 — IFRS 17: fulfilment cash flows plus risk adjustment plus contractual service margin, on the same projected vector.

Provenance note#

Extraction details — which facts came from which document, the fetch successes and failures, and the fourteen-item gaps-and-caveats register (the unread CJEU judgment, the ACPR 403, the unlocated legal source for the guaranteed-period cap, the abrogation of art. A. 335-1, the Code articles returned as paraphrase, the complete absence of any French annuity rate card, the non-redistribution of TGH05/TGF05, the undocumented assurance vie annuitization route, the Allianz 403, CNP’s undated notice and the ten-year-old press fee figures) — live in _research/rente-viagere.md. The cross-product regulatory bibliography lives in references/regulatory-and-actuarial-references.md.

Nothing in the drafting documents relies on a source recorded as not retrieved. [S10], R16, R20 and R26 are the four such records: [S10] is cited only in the coverage caveat, R16 only to name the judgment, R20 only for its abstract, and R26 is not cited at all.

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