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Article L422-10 of the French Insurance Code

The sums recovered by the guarantee fund are used first and foremost to reimburse the guarantee fund for the compensation or provisions paid to the civil party pursuant to article L. 422-7, any enforcement costs incurred and part of the management costs mentioned in article L. 422-9 equal to a percentage of the compensation or provisions paid to the civil party pursuant to article L. 422-7. This percentage is set…

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Article L422-11 of the French Insurance Code

Articles L. 422-7 to L. 422-10 are applicable in the Wallis and Futuna Islands, French Polynesia and New Caledonia. For the application of article L. 422-7 in the Wallis and Futuna Islands, French Polynesia and New Caledonia, the amount of damages and sums awarded pursuant to articles 375 and 475-1 of the Code of Criminal Procedure is expressed in local currency, taking into account the equivalent value in that currency.

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