Article L443-1 of the French Insurance Code
November 8, 2023
Insurance companies authorised to carry out surety business which have provided a surety bond, an endorsement or a guarantee, whether legal, regulatory or contractual in origin, have recourse by operation of law and in all cases against the customer who gave the undertaking, his co-obligors and the persons who acted as surety and, for payments made under their undertaking, subrogation in the rights of the creditor as provided for in…
