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Article R334-21 of the French Insurance Code

The guarantee fund of the undertakings referred to in article L. 310-3-2 is equal to one third of the minimum required solvency margin defined in article R. 334-19, but may not be less than the thresholds defined in article R. 334-15. Up to these thresholds, or up to half of the said fund if this half is greater than the said thresholds, the fund is made up of the items…

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