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Section II: Provisions relating to the management of the guarantee fund for risks associated with the agricultural spreading of urban or industrial sewage sludge.

Article R424-5 of the French Insurance Code

The accounting and financial management of the guarantee fund for risks relating to the agricultural spreading of urban or industrial sewage sludge is carried out by the Caisse Centrale de Réassurance in accordance with the rules applicable to it, subject to the provisions of this section. This management is accounted for separately from other operations carried out by the Caisse. The Chairman of the Board of Directors of the Caisse…

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Article R424-6 of the French Insurance Code

The available assets of the guarantee fund for risks relating to the agricultural spreading of urban or industrial sewage sludge are invested by Caisse Centrale de Réassurance in the assets mentioned in Article R. 332-2. When the amounts capitalised by the fund are less than 15 million euros, the assets are invested in the assets referred to in 1° to 3° of this article. When these amounts reach 15 million…

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Article R424-7 of the French Insurance Code

The operations carried out by the Caisse centrale de réassurance on behalf of the Fonds de garantie des risques liés à l’épandage agricole des boues urbaines ou industrielles are audited by the statutory auditors of the Caisse centrale de réassurance.

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Article R424-8 of the French Insurance Code

A management board is set up for the guarantee fund for risks relating to the agricultural spreading of urban or industrial sewage sludge. The Board is chaired by the Chairman of the Board of Directors of the Caisse Centrale de Réassurance. The Board also includes: 1° A representative of the Minister for the Environment; 2° A representative of the Minister for Agriculture; 3° A representative of the Minister for the…

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Article R424-9 of the French Insurance Code

The management board of the guarantee fund for risks related to the agricultural spreading of urban or industrial sewage sludge meets at least once a year, when convened by its chairman, at the latter’s initiative or at the request of one of the ministers responsible for the environment, agriculture, the economy or the budget respectively.

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Article R424-10 of the French Insurance Code

The Management Board is consulted on the Fund’s draft annual accounts. It may be consulted by a joint referral from the ministers responsible for the environment, agriculture, the economy and the budget on any matter relating to the purpose of the fund. It is informed of the operations carried out by the fund. Each year, the Chairman of the Board of Directors of the Caisse Centrale de Réassurance submits a…

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