Article A334-1 of the French Insurance Code
November 7, 2023
I.-The preference shares included in the solvency margin referred to in 1 of I of articles R. 334-3 and R. 334-11 must meet the following conditions: a) These shares carry financial rights defined by the Articles of Association; the payments corresponding to these rights are equivalent to a fraction of the distributable profit for the financial year, within the meaning ofarticle L. 232-11 of the French Commercial Code ; b)…
