Article R512-15 of the French Insurance Code
I.-The amount of the financial guarantee provided for in article L. 512-7 is set by order of the Minister for the Economy. II – The guarantee commitment, which takes effect on 1st March for a period of twelve months, is tacitly renewed on 1st January of each year. The amount of the guarantee is revised when the commitment is renewed. III – The guarantor issues a financial guarantee certificate to…