Article L322-26-4-1 of the French Insurance Code
November 8, 2023
Articles L. 210-10 to L. 210-12 of the Commercial Code, with the exception of 5° of Article L. 210-10, are applicable to mutual insurance companies.
Articles L. 210-10 to L. 210-12 of the Commercial Code, with the exception of 5° of Article L. 210-10, are applicable to mutual insurance companies.
In the event of the dissolution of a mutual insurance company not due to the withdrawal of authorisation, the surplus of net assets over liabilities shall be devolved, by decision of the General Meeting, either to other mutual insurance companies or to associations recognised as being in the public interest.
Mutual societies and associations thereof may only accept reinsurance risks under the conditions laid down by the decree provided for in Article L. 310-7.
I.-Options may be granted under the same conditions as in articles L. 225-177 to L. 225-179 and L. 22-10-56 of the French Commercial Code by a company controlled, directly or indirectly, exclusively or jointly, by mutual insurance companies mentioned in articles L. 322-26-1 and L. 322-26-4 of this code and belonging to the same scope of combination as defined by article L. 345-2, to the employees of these entities as…
I.-Mutual insurance companies and mutual insurance group companies referred to in the last paragraph of article L. 322-1-3 may issue mutualist certificates from : 1° Their member-policyholders ; 2° Member-policyholders or policyholders of undertakings belonging to the same insurance group as defined in 5° of Article L. 356-1, as well as such undertakings; 3° Mutual insurance companies, mutual insurance group companies, mutual insurance companies and unions governed by Book II…
I.-Mutualist certificates are redeemable only in the event of the liquidation of the issuer and after all preferential, unsecured and subordinated creditors have been paid in full. Redemption is made at the nominal value of the certificate, reduced, where applicable, by the amount of any losses charged to the formation fund. The Articles of Association may provide for losses to be charged to reserves prior to this reduction. II –…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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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
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