Three-Party Agreement:
Maximizes Security

Luxembourg law requires that the underlying assets of a life insurance contract be subject to a three-party agreement amongst the insurer, the custody bank and the Commissariat aux Assurances (CAA). In practice, involving CAA in this agreement means that, in the event of insolvency on behalf of the insurer, the client has first priority to recover his assets, before any other creditor, or even the government.