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Article R332-1 of the French Insurance Code

The regulated commitments referred to in article R. 331-1 must, at all times, be represented by equivalent assets.

These assets must be located within the territory of a Member State of the European Union.

Commitments made in one currency must be covered by matching assets, i.e. denominated or realisable in that currency.

Original in French 🇫🇷
Article R332-1

Les engagements réglementés mentionnés à l’article R. 331-1 doivent, à toute époque, être représentés par des actifs équivalents.


Ces actifs doivent être localisés sur le territoire d’un Etat membre de l’Union Européenne.


Les engagements pris dans une monnaie doivent être couverts par des actifs congruents, c’est-à-dire libellés ou réalisables dans cette monnaie.

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