Loan insurance reform in France

The law reforming loan insurance, passed in February 2022 by the French parliament, came into force on 1 June 2022. The new texts include three main amendments namely:

• the borrower can now change insurers at any time and without charge. This rule has been applied since 1 June 2022 for new insurance contracts taken out and from 1 September, 2022 for current insurance contracts.
• any person who borrows less than 200 000 EUR (213 806 USD) and whose credit expires before his/her 60^th birthday is no longer subject to the medical form.
• the deadline for the right to forget concerning the people suffering from cancer or hepatitis C has been reduced from 10 to 5 years.