Article L311-5 of the French Insurance Code
I.-The following are subject to the obligation to draw up and maintain a preventive recovery plan: 1° The persons referred to in Article L. 311-1, whose total assets, assessed in accordance with the provisions of Title V of Book III, have exceeded a threshold set by order of the Minister for the Economy at least once in the last three financial years; 2° The persons referred to in Article L….