Article R322-80-2 of the French Insurance Code
The maximum proportion of the profits of the last financial year and previous financial years that may be allocated annually to the remuneration of mutualist certificates is equal to 10% of the sum of the profits of the last three financial years. However, if by application of the rule set out above, mutualist certificates cannot be remunerated even though the profit for the last financial year is positive, the maximum…