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Article R325-13 of the French Insurance Code

I.-The decision to withdraw administrative authorisation is published in the Official Journal of the French Republic and in the Official Journal of the European Union. This publication is carried out by the Autorité de contrôle prudentiel et de résolution. In the case of the undertakings referred to in Article L. 310-2, it shall specify whether the undertaking is subject to a resolution procedure and, if so, the name and contact…

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Article R326-1 of the French Insurance Code

I.-When, at the request of the Autorité de contrôle prudentiel et de résolution, the Enforcement Committee or the resolution college of this authority, the liquidation of an undertaking mentioned in article L. 310-1 is opened, each policyholder is notified, within twenty days of the day following the publication of the Autorité’s decision in the Journal officiel de la République française, by the liquidator or, pending the appointment of the liquidator,…

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Article R326-4 of the French Insurance Code

In the event of the implementation of a reorganisation measure or the opening of winding-up proceedings in respect of an insurance undertaking whose head office is situated in a Member State of the European Union, the appointment of an administrator or liquidator by the home Member State is established by the presentation of a certified copy of the original instrument appointing him or of any other certificate drawn up by…

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Article R*327-1 of the French Insurance Code

For reinsurance transactions, the amount of the provisions corresponding to the claim guaranteed by the lien or legal mortgage referred to in Articles L. 327-1, L. 327-2 and L. 327-3 is set at an amount equal to the difference between the amount of the technical provisions, as defined in Title IV of Book III of this Code, which appear as liabilities on the assignee’s last balance sheet in respect of…

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Article R328-1 of the French Insurance Code

Any manager of a company subject to State control by virtue of article L. 310-1 or 1° of III of article L. 310-1-1 is liable to a fine for a fifth-class offence: 1° Disregarding the obligations or prohibitions resulting from articles R. 321-17-1, R. 321-28, R. 322-3, R. 322-8 (1st paragraph), R. 322-73 (1st paragraph), R. 326-1, R. 331-1, R. 332-1 and R. 329-4 ; 2° (Repealed) 3° Failing to…

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Article R328-2 of the French Insurance Code

For the purposes of applying the penalties listed in this chapter, the following are deemed to be company directors: the chairman and managing director, the chairman, the directors, the managing directors, the deputy managing directors, the directors, the members of the supervisory board and the management board, the managers, and any de facto director of a French company, and, in the case of a foreign company, the managing director or…

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Article R329-1 of the French Insurance Code

The administrative authorisation provided for in Article L. 329-1 is issued to branches of undertakings referred to in 4° of Article L. 310-2, under the conditions set out in Articles R. 321-1, R. 321-3, R. 321-5, R. 321-14, R. 321-16 to R. 321-18, if this undertaking is authorised to carry on insurance business under the national legislation to which it is subject and if it undertakes to establish at the…

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Article R329-2 of the French Insurance Code

The general representative of the branches of undertakings referred to in 4° of Article L. 310-2, if a natural person, must reside within the territory of a Member State. If the authorised representative is a legal entity, its registered office must be located within the territory of a Member State, and the natural person appointed to represent it must satisfy the conditions laid down in the following paragraphs and, in…

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