TITLE I: Judicial administrators, judicial representatives and business diagnostics experts.

The Board of Directors determines the management expenses of the guarantee fund and manages its assets. Before 31 March each year, it draws up the fund’s balance sheet for the operations of the previous year. This balance sheet is certified by an auditor chosen by the board of directors of the guarantee fund. The board of directors convenes a general meeting of contributors to present this balance sheet to it.

The amount of the contributions of registered judicial administrators and judicial representatives is set each year by the board of directors of the guarantee fund on the basis of the amount of funds not distributed by the professional at 31 December of the previous year for the guarantee concerning the representation of funds and on that of the firm’s turnover for the guarantee concerning professional civil liability. If the Government…

Available funds from the guarantee fund must be deposited with the Caisse des dépôts et consignations. They may be invested in bonds and other securities issued or guaranteed by a Member State of the European Community.

Professional indemnity insurance contracts must provide a minimum cover of 800,000 euros per claim per year for each insured person.

The guarantees that must be provided by an insolvency administrator not registered on the national list, appointed under the conditions provided for in the second paragraph of article L. 811-2 and the judicial representative not registered on the national list, appointed under the conditions provided for in the first paragraph of II or III of article L. 812-2, must be at least equivalent to those provided for in l’article R….

The chairman of the board of directors of the guarantee fund shall inform the public prosecutor at the court of appeal in whose jurisdiction the interested party has his professional domicile, the government commissioner at the registration and disciplinary committee, the coordinating magistrate mentioned in Article R. 811-40, as well as the President of the Conseil national, of any professional liability action brought against an administrator or a mandataire judiciaire.

The guarantee fund may take out group insurance contracts to provide supplementary pension and social security benefits for its members who wish to take out such contracts.