Paragraph 3: The guarantee fund.

The guarantee fund of the undertakings referred to in article L. 310-3-2 authorised to operate in one or more of the classes referred to in 1 to 18 of articles R. 321-1 of this Code, R. 211-2 of the Mutual Code and R. 931-2-1 of the Social Security Code is equal to one third of the minimum required solvency margin defined in article R. 334-5. This fund may not be…

The provisions of Article R. 334-7 do not apply to mutual insurance companies fully reinsured by a union referred to in Article L. 322-26-3, or to agricultural mutual insurance companies or funds exempted from administrative approval under the conditions set out in Article R. 322-132.

The provisions of article R. 334-7 concerning the minimum amount of the guarantee fund are not applicable to mutual insurance companies which simultaneously meet the following conditions: a) Their articles of association provide for the possibility of issuing premium reminders; b) They do not cover civil liability risks, unless such risks constitute ancillary cover under the conditions laid down in article R. 321-3, or risks falling within the classes mentioned…

The provisions of article R. 334-7 concerning the minimum amount of the guarantee fund do not apply to mutuals and unions governed by Book II of the Mutual Code which simultaneously meet the following conditions: a) Their articles of association provide for the possibility of making contribution reminders or benefit reductions. When the statutes of the mutual or union are amended in application of the fourth paragraph of article R….