Chapter II: Constitution and operating rules

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.

The provisions of the second paragraph of I of Article R. 322-161 are applicable to the insurance group companies referred to in Article L. 322-1-3 which are not mutual insurance group companies as defined in the third paragraph of that Article.

I.-The affiliation agreement referred to in the first paragraph of Article L. 322-1-3 contains a description of the links, obligations, commitments and cost-sharing arrangements or any other form of cooperation between an insurance group company and the affiliated undertaking. It must include an undertaking by the affiliated undertaking to make any withdrawal subject to compliance with the conditions set out in the second paragraph of I of Article R. 322-161….