Book V: Insurance distributors

Uninsured persons who have made payments to a broker or brokerage company registered in the register referred to in article L. 512-1 in respect of contracts which are the subject of an apparent commitment on the part of one of the undertakings referred to in article L. 310-1, will be guaranteed by the said undertaking when the civil liability insurance of the broker or brokerage company which received these payments…

A decree of the Conseil d’Etat shall determine the conditions of application of this chapter and the additional measures necessary to guarantee the protection of insured persons.

Contracts between insurance undertakings and their tied agents, which do not specify a duration, may always be terminated at the will of one of the contracting parties. Nevertheless, termination of the contract by one of the contracting parties may give rise to damages which are fixed in accordance witharticle 1780 of the Civil Code. The parties may not waive in advance any right to claim damages under the above provisions.

After being negotiated and drawn up by the professional organisations concerned, the status of general insurance agents and any amendments thereto are approved by decree.

For the purposes of I of Article L. 512-1, agents who are not general insurance agents, who carry out their activity in the name and on behalf of an insurance undertaking and under its full responsibility, and who do not receive either premiums or sums intended for customers, may be registered on the intermediaries’ register by the undertaking which appoints them. This company is responsible for verifying that the intermediary…