Article R322-5 of the French Insurance Code
French undertakings subject to State control under article L. 310-1 and constituted in the form of a société anonyme must have share capital, excluding contributions in kind, of at least 800,000 euros in order to conduct the classes of business referred to in 10 to 15 and 20, 21, 22, 24, 25 and 28 of article R. 321-1, as well as reinsurance operations. In order to carry out operations in…