Article 806 of Civil Code

1 - If the insured becomes bankrupt before the expiry of the contract term, the insurance shall remain in force for the benefit of the body of creditors, which shall become directly indebted to the insurer for the total premiums falling due from the date of the judgment declaring bankruptcy. Each party shall have the right to terminate the contract within three months commencing on that date. In the event of termination, the insurer must refund to the body of creditors the portion of the premium in respect of which he bore no risk. - If the insurer becomes bankrupt, the contract shall cease to operate from the date of the judgment declaring bankruptcy. The insured shall have the right to recover the portion of the premium he has paid for the period during which the contract is suspended, without prejudice to the provisions specific to life insurance. Time-barring of actions arising from the insurance contract