Section II: Provisions relating to the management of the guarantee fund for damage resulting from preventive, diagnostic or therapeutic acts provided by health professionals

The fund’s accounting and financial management shall be carried out by the Caisse centrale de réassurance in accordance with the rules applicable to it, subject to the provisions of this section.

The management referred to in Article R. 427-4 is accounted for separately from the other operations carried out by the fund. The available assets of the fund are invested by the Caisse centrale de réassurance in the assets mentioned in article R. 332-2. When the assets capitalised by the fund are less than 15 million euros, these assets are invested in the assets mentioned in 1° to 3° of article…

The operations carried out by the Caisse centrale de réassurance on behalf of the fund are audited by the statutory auditors of the Caisse centrale de réassurance.

A management board is set up for the fund referred to in Article L. 426-1. This board is chaired by the chairman of the board of directors of the Caisse centrale de réassurance. The Board also includes: 1° The Director General of the Treasury or his representative; 2° The Director of Social Security or his representative; 3° The Director of the Budget or his representative; 4° Two representatives of insurance…

The Management Board meets at least once a year when convened by its Chairman, either on his own initiative or at the request of the Minister for the Economy or the Minister for Health. The secretariat of the Management Board is provided by the Caisse Centrale de Réassurance.

The Management Board is consulted on the Fund’s draft annual accounts. It may be consulted by the ministers responsible for the economy or health on any matter relating to the purpose of the fund. It is informed of the operations carried out by the fund.

The Chairman of the Board of Directors of the Caisse Centrale de Réassurance closes the Fund’s accounts for the past financial year after consulting the Management Board referred to in Article R. 427-7 in accordance with the procedures set out in Article R. 427-9.

In order to cover the costs of compensation for which it is responsible pursuant to I and II of article L. 426-1, agreements are concluded between the fund and the insurance companies concerned on the one hand, and the office instituted underarticle L. 1142-22 of the Public Health Code on the other.