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Article R332-9 of the French Insurance Code

The insurance undertakings referred to in Article L. 310-3-2 may represent the commitments relating to transactions carried out by their branches located outside the territory of the European Communities by assets permitted by the legislation of the countries in which they operate and located in the territory of those countries. The same applies when the regulated commitments of undertakings established in France result from transactions carried out under the freedom…

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Article R332-11 of the French Insurance Code

Undertakings may not acquire buildings encumbered by rights in rem representing more than 65% of their value, or grant rights in rem over their buildings, unless exceptionally authorised by the Autorité de contrôle prudentiel et de résolution.

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Article R332-12 of the French Insurance Code

The mortgage loans referred to in 11° of article R. 332-2 must be secured by a first-ranking mortgage on a building located in the territory of one of the Member States of the OECD or on a ship. The total amount of the first-ranking liens and mortgages must not exceed 65% of the market value of the property or vessel constituting the security for the loan, estimated on the day…

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Article R332-13 of the French Insurance Code

1° The loans referred to in 12° of article R. 332-2 must have a total term of at least two years and meet the following conditions: They must be secured by a guarantee given by a credit institution, finance company or insurance company not belonging to the same group as the lender or borrower and approved by one of the States party to the Agreement on the European Economic Area,…

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Article R332-14 of the French Insurance Code

Pursuant to the provisions of 3° and 8° of article R. 332-2, units or shares of undertakings for collective investment in transferable securities covered by section 1 and collective investments covered by paragraph 1 of sub-section 2 of section 2 of Chapter IV of Title I of Book II of the Monetary and Financial Code are eligible to represent regulated commitments; units or shares in undertakings for collective investment in…

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Article R332-14-1 of the French Insurance Code

The medium-term negotiable securities referred to in 2°b of Article R. 332-2 must meet the following conditions: a) They must be issued for at least 30 million euros ; b) They must be valued by at least two separate bodies that are not financially linked, either to each other or to the insurance company holding the bonds; c) On this basis, be the subject of a price published at least…

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Article R332-14-2 of the French Insurance Code

I.- The financing bodies referred to in 2°c of article R. 332-2 and the specialised professional funds referred to in 7°d of article R. 332-2 are economic loan funds. II – The assets of economic loan funds are composed of, to the exclusion of all other items: 1° Claims on Member States of the European Union, debt securities issued by Member States of the European Union, or claims or debt…

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