Article R321-27 of the French Insurance Code
November 7, 2023
All documents accompanying applications for approval must be written in or translated into French.
All documents accompanying applications for approval must be written in or translated into French.
Administrative approval is granted by a decision published in the Official Journal.
I.-Any person subject to supervision by the Autorité de contrôle prudentiel et de résolution pursuant to B of I of Article L. 612-2 of the Monetary and Financial Code, with the exception of the undertakings referred to in 1° of III of Article L. 310-1-1 of this Code, and planning to open a branch or to carry on business under the freedom to provide services, in accordance with the provisions…
To enable insurance undertakings that are party to a co-insurance transaction to benefit from the exemption provided for in article L. 321-12, the transaction must meet the following criteria: 1° The risk is covered by a single contract at a single premium for the same term; 2° The insurers are not jointly and severally liable; 3° One of the insurers is designated as the lead insurer: the lead insurer must…
For insurance undertakings benefiting from the exemption provided for in Article L. 321-12, the technical provisions defined in Title IV of Book III, which each of these undertakings must establish for the corresponding co-insurance operations, are at least equal to the amount calculated by the leading insurer in accordance with the rules of the Member State in which it is established.
Insurance undertakings whose head office is in France and which participate in the operations referred to in Article L. 321-12 as leading insurers shall provide the other insurers participating in these operations with statistical data showing the size of the European co-insurance operations in which they participate.
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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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