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Article R364-1 of the French Insurance Code

Where the Autorité de contrôle has required an insurance or reinsurance undertaking to submit a recovery plan in accordance with Article L. 612-32 of the Monetary and Financial Code , and that undertaking proposes to take over all or part of the portfolio of an undertaking having its head office in another Member State or another State party to the Agreement on the European Economic Area, it shall refrain from…

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