Book III: Companies

Any decision to refuse full or partial administrative authorisation must be substantiated and notified by the Autorité de contrôle prudentiel et de résolution to the company concerned, after the latter has been given formal notice by registered letter to submit its observations in writing within a fortnight. The undertaking may appeal to the Conseil d’Etat within two months of being notified of the total or partial refusal of authorisation, or…

Any decision to grant or refuse administrative authorisation shall be notified by the Autorité de contrôle prudentiel et de résolution to the European Insurance and Occupational Pensions Authority.

Undertakings authorised to operate in the classes mentioned in 20 and 22 of article R. 321-1 may be authorised to provide directly, as ancillary insurance forming part of a life insurance contract and subject to payment of a separate premium or contribution, supplementary insurance against the risks of bodily injury including occupational disability, accidental death or invalidity following an accident or illness. In this case, the contract must specify that…

Administrative authorisation is given by branch to the undertakings mentioned in 1°, 3° and 4° of article L. 310-2. This authorisation covers the entire branch, unless the undertaking only wishes to underwrite operations falling within one or more sub-branches. For the undertakings mentioned in 4° of Article L. 310-2, the Autorité de contrôle prudentiel et de résolution may, under the conditions set out in Article R. 321-4, restrict authorisation to…

The general representative of branches of companies referred to in 3° of Article L. 310-2 duly established in France must be vested with sufficient powers by the company concerned to bind the latter vis-à-vis third parties and to represent it before the French authorities and courts.