Paragraph 4: The general meeting of mutual insurance companies

The decision to affiliate to an insurance group company or to terminate such affiliation is taken at the general meeting of each mutual insurance company, which rules under the conditions laid down in article R. 322-65. The same general meeting shall make any amendments to the articles of association relating to this decision and approve the affiliation agreement described in article R. 322-165.

The General Meeting appoints one or more statutory auditors for a term of six financial years. The following persons may not be appointed as auditors of a company governed by this section 1° The founders and directors, members of the supervisory board or members of the management board of the company, as well as their parents and relatives up to and including the fourth degree; 2° Persons and spouses of…

The members and the General Meeting are substituted for shareholders and shareholders’ meetings respectively for the application of Section VI of Chapter IV of Title I of Law no. 66-537 of 24 July 1966 on commercial companies and Section VI of Chapter IV of Title I of Decree no. 67-236 of 23 March 1967 on commercial companies to the companies governed by this Section. The right to challenge one or…

The Statutory Auditors are invited, at the same time as the directors or members of the Management Board, to the meeting of the Board of Directors or the Management Board which closes the accounts for the past financial year. They are also invited to attend all General Meetings, at the latest when the members are convened. The Statutory Auditors may only convene a General Meeting after having unsuccessfully requested that…

The amount of the statutory auditors’ fees is set by mutual agreement between the statutory auditors and the company. Any dispute relating to the determination of the amount of the fees shall be referred to the President of the Court of First Instance at the location of the company’s registered office, acting in summary proceedings.