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Article R322-84 of the French Insurance Code

Mutual reinsurance companies may be formed between mutual insurance companies or associations thereof or between undertakings affiliated by agreement to the same mutual insurance group company, the object of which is the reinsurance of the companies which are members thereof. Such reinsurance companies are subject to the provisions of this section. However, they are validly constituted when they have at least seven member companies, this minimum number not being required…

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Article R322-85 of the French Insurance Code

Within one month of the incorporation of any mutual insurance company, a copy of the memorandum of association, its appendices and a certified copy of the resolutions adopted by the general meeting provided for in article R. 322-52 must be filed in duplicate with the clerk of the court having jurisdiction over the company’s registered office. The same documents must be filed with the Ministry of Economy and Finance within…

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Article R*322-86 of the French Insurance Code

Within the same period of one month, an extract from the documents mentioned in article R. 322-85 is published in one of the newspapers authorised to publish legal notices in the département where the registered office is located. Proof of publication is provided by a copy of the newspaper certified by the printer and registered within three months of the date of publication.

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Article R322-87 of the French Insurance Code

The extract must contain the name adopted by the company and an indication of the registered office, the designation of the persons authorised to manage, administer and sign for the company, and, in addition, the number of members, the amount of the contributions paid, below which the company could not be validly incorporated, the time at which the company was incorporated, the time at which it is due to end…

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Article R*322-89 of the French Insurance Code

Any person has the right to obtain a copy of the documents filed with the clerk of the court or to have a copy or extract thereof issued at his own expense by the clerk or by the notary holding the minutes. Any person may also demand that a certified copy of the Articles of Association be delivered to him at the company’s registered office, on payment of a sum…

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Article R322-90 of the French Insurance Code

Without prejudice to the provisions of articles R. 322-106-1, R. 322-117, R. 322-124 and R. 322-159, any company referred to in this section formed in breach of articles R. 322-46 to R. 322-64 shall be null and void. However, neither the company nor the members may rely on the aforementioned nullities vis-à-vis third parties acting in good faith.

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Article R322-91 of the French Insurance Code

Where the company is thus annulled, the founders to whom the nullity is attributable and the directors or members of the Management Board in office at the time the nullity was incurred shall be jointly and severally liable to third parties and to the members for the loss or damage resulting from such annulment. If, in order to cover the nullity, a General Meeting has to be convened, the action…

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Article R322-92 of the French Insurance Code

From the date on which a company governed by this section is notified of the decision of the Autorité de contrôle prudentiel et de résolution granting it the administrative authorisation referred to in Article L. 321-1, the nullity action provided for in Article R. 322-91 may only be brought by the Autorité de contrôle prudentiel et de résolution.

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Article R322-93 of the French Insurance Code

The mutual insurance companies referred to in article L. 322-26-4 are associations which : 1° Guarantee to their members, in return for payment of a variable premium, full settlement of their commitments in the event of realisation of the risks they have assumed; 2° Are regional or professional in nature; 3° Do not remunerate any intermediary for the acquisition of contracts; 4° Do not pay any remuneration to their managers…

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