Subsection 1: Guarantee of the representation of funds and professional civil liability.

The purpose of a fund with legal personality and managed by the contributors is to guarantee the reimbursement of funds, effects or values received or managed by each court-appointed administrator and each court-appointed agent registered on the lists, in connection with the operations for which they are responsible by virtue of their duties. Two magistrates from the public prosecutor’s office are appointed to act as Government commissioners for the fund,…

Each court-appointed administrator and each court-appointed agent registered on the lists must provide proof of insurance taken out through the guarantee fund. This insurance covers the pecuniary consequences of the civil liability incurred by the court-appointed administrators and the court-appointed representatives, as a result of their negligence or misconduct or that of their agents, committed in the exercise of their mandates.

The court-appointed administrator not registered on the national list, appointed under the conditions provided for in the second paragraph of Article L. 811-2, the judicial representative not on the national list, appointed under the conditions provided for in the first paragraph of II of article L. 812-2 or by III of this same article, must provide evidence, when accepting their assignment, of a guarantee allocated to the reimbursement of funds,…