Article L324-5 of the French Insurance Code
November 8, 2023
When an undertaking is subject to an ex officio portfolio transfer procedure, the Autorité de contrôle prudentiel et de résolution may, if it considers that the natural or legal persons, other than the agents and employees of insurance undertakings, through whom contracts covering the risks referred to in Articles L. 421-9 and L. 423-1 have been presented or underwritten, have behaved in a way that has contributed to the difficulties…
