Any natural or legal person registered in the register referred to in article L. 141-3 must hold a financial guarantee issued by a single guarantor. The financial guarantee extends to activities carried out by secondary establishments such as branches or sales outlets, and to non-profit-making associations or organisations that are members of a federation or union of associations registered in the register and which assume responsibility for them.
The sufficient guarantee provided for in article L. 211-18 is defined as the guarantee of all funds received from the end consumer in respect of tourist packages and services listed in article L. 211-1 which do not relate solely to tickets.
The funds required for repatriation are understood to be the funds required for the transport of consumers as well as the reasonable additional accommodation costs that would result directly from the organisation of repatriation with regard to the transport arrangements provided for in the contract.
The registered natural or legal person provides the registration commission mentioned in the eighth paragraph of article L. 141-2 with an annual financial guarantee certificate issued by the guarantor. If the guarantor changes, a new certificate must be sent to this commission.
Each year, the guaranteed individual or legal entity must provide its guarantor with all the documents required for an accurate assessment of the risk likely to be borne by the guarantor. It must inform the guarantor of any significant change in activity during the year.
The provisions of this article do not apply to the guarantee relating to the timeshare contract provided for in article L. 211-24.