Supervision of the operations carried out by the Caisse Centrale de Réassurance on behalf of the Fonds National de Garantie des Calamités Agricoles is exercised under the same conditions as supervision of the other operations of the Caisse Centrale de Réassurance.
The available assets of the Fonds national de garantie des calamités agricoles are placed with the caisse centrale de réassurance in the assets mentioned in article R. 332-2. These assets are subject to the limitations set out in articles R. 332-3 and R. 332-3-1; however, for the purpose of calculating these limitations, the amount of each category of assets is added to the amount of the fund’s available assets.
The costs incurred by the Caisse Centrale de Réassurance in managing the Fonds National de Garantie des Calamités Agricoles (National Guarantee Fund for Agricultural Disasters) are reimbursed to the Caisse Centrale de Réassurance after the end of each financial year. Advances on these reimbursements may be granted.
The operations of the national guarantee fund for agricultural disasters are recorded in terms of both income and expenditure in separate accounts kept by the central reinsurance fund. An order of the Minister for the Economy and Finance determines the list and form of the accounts recording these operations, as well as the way in which their results are centralised.
For the application of 1° of article 13 of law no. 64-706 of 10 July 1964, the Caisse Centrale de Réassurance is responsible for compiling the statistics required to carry out the information and prevention activities entrusted to the Fonds National de Garantie des Calamités Agricoles.
The compensation fund set up by article L. 431-14 contributes, within the framework of the agreements provided for in the said article, to compensation for losses affecting buildings for which work began before 1st January 1983.
For claims declared before 1 January 1983 and not settled by that date, the contribution of the compensation fund is limited to covering a maximum of 95% of any shortfall in the total amount of provisions for claims to be paid set aside at 31 December 1982, increased by their income, in relation to the total amount of the corresponding settlements. For claims declared after 1 January 1983, the fund’s…
The Fonds de Compensation des Risques de l’Assurance de la Construction is kept in special accounts in the books of the Caisse Centrale de Réassurance. The costs of managing the fund are covered by a deduction made by the caisse centrale de réassurance from the fund’s income.
The Chairman of the Board of Directors of the Caisse Centrale de Réassurance is assisted in the management of the compensation fund by an advisory committee chaired by a magistrate of the Cour des Comptes with at least the rank of Senior Counsellor and made up of the Chairman of the Board of Directors of the Caisse Centrale de Réassurance and three representatives of the State, one appointed by the…
The committee must be consulted on the agreements provided for in article L. 431-14 and on the fund’s annual accounts.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
