Article R322-154 of the French Insurance Code
The purpose of tontines is not to guarantee their members that the liquidation of an association will provide them with a predetermined sum.
The purpose of tontines is not to guarantee their members that the liquidation of an association will provide them with a predetermined sum.
Subject to the provisions of this Book, the articles of tontines must specify: 1° The conditions governing the formation and duration of associations in the event of survival and of associations in the event of death ; 2° The cessation, in the event of the death of the member, of the payment of annuities which the subscriber would still have to make to the associations in the event of survival;…
Participation in General Meetings is subject to the conditions set out in Article R. 322-58. However, for the election of delegates, member-policyholder groups are formed on the basis of associations.
Tontine companies must have start-up capital of at least €160,000.
Without prejudice to the nullities provided for in article R. 322-90, any tontines incorporated contrary to the provisions of articles R. 322-139 and R. 322-154 are null and void. However, neither the société à forme tontinière nor the members may rely on the aforementioned nullities vis-à-vis third parties acting in good faith.
I – The formation of the mutual insurance group companies referred to in the third paragraph of article L. 322-1-3 is subject to the provisions of articles R. 322-46 and R. 322-52 of this code. II – The signatories of the deed of incorporation of the company referred to in article R. 322-46 or their authorised representatives record its creation by a declaration made before a notary. The following documents…
I.-The articles of association of mutual insurance group companies must lay down the conditions for the admission, withdrawal or exclusion of undertakings affiliated to the mutual insurance group company. They must stipulate that the admission, withdrawal or exclusion of an undertaking affiliated by agreement must be the subject of a prior declaration to the Autorité de contrôle prudentiel et de résolution, accompanied by a file, the composition of which is…
Mutual insurance group companies may be managed by a board of directors and a general manager or by a supervisory board and a management board, in accordance with the conditions laid down in sub-section 2 of section 4 of this chapter. By way of derogation from the first paragraph, the board of directors of a mutual insurance group company shall be composed, in accordance with the procedures laid down in…
I.-At least one General Meeting is held each year in accordance with the provisions of the Articles of Association. At this meeting, the Board of Directors shall present the balance sheet, income statement and notes to the accounts for the past financial year. The General Meeting may also be convened at any time by the Board of Directors. II.-1° Notice of the General Meeting must be given by registered letter…
Any mutual insurance group company formed in breach of articles R. 322-160 to R. 322-163 is null and void. The provisions of the second paragraph of article R. 322-90 and those of article R. 322-91 shall then apply.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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