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Article L352-5 of the French Insurance Code

Insurance and reinsurance undertakings shall hold eligible basic own funds covering the Minimum Capital Requirement, which may not be less than an absolute floor.

Original in French 🇫🇷
Article L352-5

Les entreprises d’assurance et de réassurance détiennent des fonds propres de base éligibles couvrant le minimum de capital requis, lequel ne peut être inférieur à un seuil plancher absolu.

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