Article L512-7 of the French Insurance Code
November 8, 2023
Any insurance or reinsurance intermediary and any insurance intermediary on an ancillary basis who, even on an occasional basis, collects funds intended for payment either to an insurance undertaking or to policyholders, or who has recourse to a non-agent agent responsible for transmitting these funds, must take out a financial guarantee specifically earmarked for the repayment of these funds to policyholders, unless this agent can provide proof of such a…
