Article R423-16 of the French Insurance Code
The guarantee fund reserves are accepted as components of the solvency margin of member undertakings and supplementary occupational pension funds under the conditions provided for in Articles R. 334-3, R. 334-11, R. 334-17 and R. 385-1, up to the amount of the contribution paid by the undertaking or supplementary occupational pension fund and not used by the guarantee fund. Any association certificates issued under the conditions provided for in Article…