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Article L421-10-3 of the French Insurance Code

Where an insurance or reinsurance undertaking operating in the territory of the French Republic fails to comply with the rules imposed on it by virtue of this section, the guarantee fund shall inform the Autorité de contrôle prudentiel et de résolution. The latter shall carry out its supervision and, if necessary, implement sanction procedures, in accordance with the conditions set out in Article L. 363-4 and Chapter II of Title…

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