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Article L364-2 of the French Insurance Code

When the Autorité de contrôle prudentiel et de résolution is consulted by the supervisory authority of the transferring undertaking regarding the transfer of risks or commitments situated in France by an insurance undertaking whose head office is situated in another Member State of the European Union, it shall give its opinion or its agreement within three months of receipt of the request.

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Article L365-1 of the French Insurance Code

Any insurance undertaking whose registered office is located in the territory of a Member State of the European Union, which participates in the cover of a large risk as defined in Article L. 111-6 located in France, within the framework of a co-insurance transaction carried out under the freedom to provide services, where at least one of the participants is not established in the same Member State of the European…

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