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Article R321-16 of the French Insurance Code

For the three financial years following the issue of the authorisations referred to in Articles L. 321-1, L. 321-7 and L. 329-1, the undertaking must submit to the Autorité de contrôle prudentiel et de résolution, for each half-year, a report on the implementation of the programme of operations referred to in Article L. 321-10. If the undertaking’s activities do not comply with the programme of operations, the Autorité takes appropriate…

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Article R321-22 of the French Insurance Code

An undertaking whose authorisations have all been declared null and void pursuant to Article L. 321-10-2 shall submit to the Autorité de contrôle prudentiel et de résolution for approval, within one month of the date of publication in the Journal officiel de la République française of its last authorisation, a winding-up programme specifying in particular the foreseeable timescales and financial terms of the winding-up, as well as the staffing and…

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Article R321-25 of the French Insurance Code

The general representative of branches of undertakings referred to in 3° of III of Article L. 310-1-1 duly established in France must be vested by the undertaking concerned with sufficient powers to bind the latter vis-à-vis third parties and to represent it vis-à-vis the French authorities and courts.

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Article R321-26 of the French Insurance Code

For three financial years following the issue of the authorisation referred to in Article L. 321-1-1, the undertaking must submit an annual report to the Autorité de contrôle on the implementation of the programme of operations referred to in Article L. 321-10-1. If the undertaking’s activities do not comply with the programme of operations, the Autorité de contrôle takes appropriate measures to protect the interests of reinsured undertakings. Without prejudice…

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Article R321-32 of the French Insurance Code

I.-Any person subject to supervision by the Autorité de contrôle prudentiel et de résolution pursuant to B of I of Article L. 612-2 of the Monetary and Financial Code, with the exception of the undertakings referred to in 1° of III of Article L. 310-1-1 of this Code, and planning to open a branch or to carry on business under the freedom to provide services, in accordance with the provisions…

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Article R321-33 of the French Insurance Code

To enable insurance undertakings that are party to a co-insurance transaction to benefit from the exemption provided for in article L. 321-12, the transaction must meet the following criteria: 1° The risk is covered by a single contract at a single premium for the same term; 2° The insurers are not jointly and severally liable; 3° One of the insurers is designated as the lead insurer: the lead insurer must…

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