Article R334-1 of the French Insurance Code
November 7, 2023
Public limited companies subject to the provisions of article L. 334-1 are exempt from the levy prescribed by article L. 232-10 of the French Commercial Code.
Public limited companies subject to the provisions of article L. 334-1 are exempt from the levy prescribed by article L. 232-10 of the French Commercial Code.
The amounts in euros referred to in articles R. 334-7, R. 334-9, R. 334-9-1 and R. 334-15 are revised annually in line with changes in the European consumer price index published by Eurostat for all Member States. Each year, the Autorité de contrôle communicates the new amounts in euros calculated on the basis of changes in this index and rounded up to the nearest multiple of 100,000 euros. If the…
The Autorité de contrôle may not refuse a reinsurance contract entered into by an insurance undertaking referred to in 1° of Article L. 310-2 with an insurance undertaking referred to in 1° of Article L. 310-2 or a reinsurance undertaking referred to in 1° of Article L. 310-1-2 or with another insurance or reinsurance undertaking whose head office is in another Member State or another State party to the European…
I.-The solvency margin referred to in Article L. 334-1 is made up, after deduction of losses, the portion of acquisition costs not recognised as a representation of regulated commitments and other intangible items, of the following items: 1. However, preference shares as defined in article L. 228-11 of the French Commercial Code may be issued only if they meet the conditions laid down by order of the Minister for the…
For the undertakings referred to in Article L. 310-3-2, the minimum required solvency margin is determined either by reference to the annual amount of premiums or contributions, or by reference to the average annual cost of claims. This minimum margin requirement is equal to the higher of the results obtained by applying the following two methods: a) First method (calculation in relation to premiums). The premium base is calculated on…
The guarantee fund of the undertakings referred to in article L. 310-3-2 authorised to operate in one or more of the classes referred to in 1 to 18 of articles R. 321-1 of this Code, R. 211-2 of the Mutual Code and R. 931-2-1 of the Social Security Code is equal to one third of the minimum required solvency margin defined in article R. 334-5. This fund may not be…
The provisions of Article R. 334-7 do not apply to mutual insurance companies fully reinsured by a union referred to in Article L. 322-26-3, or to agricultural mutual insurance companies or funds exempted from administrative approval under the conditions set out in Article R. 322-132.
The provisions of article R. 334-7 concerning the minimum amount of the guarantee fund are not applicable to mutual insurance companies which simultaneously meet the following conditions: a) Their articles of association provide for the possibility of issuing premium reminders; b) They do not cover civil liability risks, unless such risks constitute ancillary cover under the conditions laid down in article R. 321-3, or risks falling within the classes mentioned…
The provisions of article R. 334-7 concerning the minimum amount of the guarantee fund do not apply to mutuals and unions governed by Book II of the Mutual Code which simultaneously meet the following conditions: a) Their articles of association provide for the possibility of making contribution reminders or benefit reductions. When the statutes of the mutual or union are amended in application of the fourth paragraph of article R….
I.-The solvency margin referred to in Article L. 334-1 is made up, after deduction of losses, the portion of acquisition costs not recognised as a representation of regulated commitments and other intangible items, of the following items: 1. However, preference shares as defined in article L. 228-11 of the French Commercial Code may be issued only if they meet the conditions laid down by order of the Minister for the…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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