Subsection 1: General provisions

Articles L. 210-10 to L. 210-12 of the Commercial Code, with the exception of 5° of Article L. 210-10, are applicable to mutual insurance companies.

In the event of the dissolution of a mutual insurance company not due to the withdrawal of authorisation, the surplus of net assets over liabilities shall be devolved, by decision of the General Meeting, either to other mutual insurance companies or to associations recognised as being in the public interest.

Mutual societies and associations thereof may only accept reinsurance risks under the conditions laid down by the decree provided for in Article L. 310-7.

I.-Options may be granted under the same conditions as in articles L. 225-177 to L. 225-179 and L. 22-10-56 of the French Commercial Code by a company controlled, directly or indirectly, exclusively or jointly, by mutual insurance companies mentioned in articles L. 322-26-1 and L. 322-26-4 of this code and belonging to the same scope of combination as defined by article L. 345-2, to the employees of these entities as…