Chapter IX: Branches of insurance undertakings whose head office is situated in a State which is not a party to the Agreement on the European Economic Area

The undertakings referred to in 4° of I of Article L. 310-2 may not carry on the operations referred to in Article L. 310-1 in the territory of the French Republic unless they have obtained administrative authorisation for their branch, issued in accordance with the provisions of Article L. 321-1 and Article L. 321-10, and special authorisation to accept a general agent. These approvals are granted by the Autorité de…

Where an undertaking referred to in 4° of I of Article L. 310-2 has branches established in more than one Member State, each branch is treated independently for the purposes of applying the provisions relating to reorganisation and winding-up measures.

Branches of foreign companies established in the territory of the French Republic referred to in 4° of I of article L. 310-2 appoint one or more statutory auditors. The statutory auditors shall certify the annual accounts of the branches in accordance with the conditions set out in the first paragraph of article L. 823-9 of the Commercial Code.

A decree in the Conseil d’Etat shall specify the conditions of application of this chapter.