Insurance contracts must not provide for an excess payable by the insured of more than 10% of the compensation due, up to a limit of €8,000 per creditor. The excess is not enforceable against the operator’s creditors.
Home | French Legislation Articles | French Commercial code | Regulatory part | BOOK III: Certain forms of sale and exclusivity clauses. | TITLE II: Public auction sales. | Chapter I: Voluntary sales of furniture by public auction. | Section 1: General provisions. | Subsection 1: Operators of voluntary sales of furniture by public auction. | Paragraph 2: Insurance and surety bonds. | Article R321-17 of the French Commercial code
Insurance contracts must not provide for an excess payable by the insured of more than 10% of the compensation due, up to a limit of €8,000 per creditor. The excess is not enforceable against the operator’s creditors.
Les contrats d’assurance ne doivent pas prévoir de franchise à la charge de l’assuré supérieure à 10 % des indemnités dues, dans la limite de 8 000 euros par créancier. La franchise n’est pas opposable aux créanciers de l’opérateur.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.