Chapter V: Provisions relating to co-insurance

To enable the insurance undertakings involved in a co-insurance transaction to benefit from the exemption provided for in Article L. 365-1, the transaction must meet the following conditions: 1° The risk is covered by a single contract in return for an overall premium for the same duration ; 2° The insurers are not jointly and severally liable; 3° One of the insurers is designated as the lead insurer: this insurer…

The Autorité de contrôle prudentiel et de résolution works closely with the European Commission to examine any difficulties that may arise in the implementation of Article L. 365-1, in particular with regard to the exercise of the leading role assigned to the lead manager and the conditions under which insurers participate in covering the risk.