Article R*327-1 of the French Insurance Code
For reinsurance transactions, the amount of the provisions corresponding to the claim guaranteed by the lien or legal mortgage referred to in Articles L. 327-1, L. 327-2 and L. 327-3 is set at an amount equal to the difference between the amount of the technical provisions, as defined in Title IV of Book III of this Code, which appear as liabilities on the assignee’s last balance sheet in respect of…