Paragraph 1: Common provisions.

For operations carried out with the guarantee of the State, the special conditions, in particular tariffs, of reinsurance treaties and insurance contracts are set by the Caisse Centrale de Réassurance in accordance with reinsurance and insurance practices and methods.

The State guarantee under Articles L. 431-4, L. 431-5, L. 431-9 and L. 431-10 of this Code gives rise to the payment of remuneration by the Caisse Centrale de Réassurance. The terms and conditions for the commitment, call and remuneration of the guarantee are set out in an agreement between the Minister for the Economy and Finance and the Caisse Centrale de Réassurance.

Transactions covered by the State guarantee are recorded in separate accounts opened in the books of the Caisse Centrale de Réassurance, with one account for transactions carried out under Articles L. 431-4 and L. 431-5, one account for transactions carried out under Article L. 431-9 and one account for transactions carried out under Article L. 431-10. Each of these accounts shows details of all provisions, income, expenses, losses and profits…

I.-The balance sheet of Caisse centrale de réassurance includes three reserve accounts corresponding to each category of business covered by the State guarantee, entitled respectively: a) Special reserve for exceptional and nuclear risks ; b) Special reserve for natural catastrophe risks; c) Special reserve for risks of terrorist attacks. II – The undistributed profit for the financial year after allocation to the legal and regulated reserves is allocated in priority…