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Article L354-2 of the French Insurance Code

Insurance and reinsurance undertakings set up a risk management system.

They shall carry out an internal assessment of risks and solvency.

They shall have an internal control system.

A decree of the Conseil d’Etat shall specify the conditions of application of this article.

Original in French 🇫🇷
Article L354-2

Les entreprises d’assurance et de réassurance mettent en place un système de gestion des risques.

Elles procèdent à une évaluation interne des risques et de la solvabilité.

Elles disposent d’un système de contrôle interne.

Un décret en Conseil d’Etat précise les conditions d’application du présent article.

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