Section VI: Agricultural mutual insurance and reinsurance companies or funds

The formation of agricultural mutual insurance and reinsurance companies or funds remains governed by article L. 771-1 of the French Rural and Maritime Fishing Code. A decree of the Conseil d’Etat shall lay down the terms and conditions for the application of this article and shall define the operations referred to in article L. 310-1 which they may be authorised to carry out; their membership may be limited to persons…

The central body of the agricultural mutual insurance and reinsurance companies or funds is a société anonyme d’assurance agréée pursuant to Article L. 321-1 or a société anonyme de réassurance agréée pursuant to Article L. 321-1-1, the absolute majority of whose share capital and voting rights are held jointly, directly or indirectly, by the agricultural mutual insurance and reinsurance companies or funds with departmental or regional jurisdiction. Groupama SA is…

I. – The central body is responsible for ensuring the cohesion and smooth running of the network. It exercises administrative, technical and financial control over the organisation and management of the Network’s bodies. It sets the strategic guidelines for the network, issues all necessary instructions and ensures that they are effectively implemented. It also takes all necessary measures to guarantee the solvency and compliance with the commitments of each of…