I.- When the Autorité de contrôle prudentiel et de résolution finds that an insurance or reinsurance intermediary or an insurance intermediary acting on an ancillary basis is in breach of the provisions of Chapters V and VI of this Title, Title II of this Book and Articles L. 112-2, L. 112-2-1 and L. 112-11, it may take appropriate measures to put an end to the breaches found. II.-If the Autorité…
I.-If the principal place of business of an insurance or reinsurance intermediary or an insurance intermediary on an ancillary basis registered in another Member State and carrying on business or likely to carry on business in France is located on French territory, the Autorité de contrôle prudentiel et de résolution may agree with the competent authority of the intermediary’s home Member State to act in relation to the intermediary as…
The Autorité de contrôle prudentiel et de résolution or the body that keeps the register referred to in I of Article L. 512-1 may take appropriate and non-discriminatory measures to penalise irregularities committed in France in breach of national legislation, provided that these measures are absolutely necessary. These measures may go so far as to prevent the insurance or reinsurance intermediary or the incidental insurance intermediary concerned from distributing new…
I.-Insurance undertakings, as well as intermediaries when designing insurance products, shall develop, apply and update in accordance with Commission Delegated Regulation (EU) 2017/2358 of 21 September 2017, a validation process for each insurance product, or significant adaptations to an existing insurance product, prior to its marketing or distribution to policyholders or members. This product validation process shall be proportionate and appropriate to the nature of each insurance product. It defines…
The obligations set out in Article L. 516-1 do not apply to: 1° Insurance products covering the risks referred to in Article L. 111-6; 2° Contracts mentioned in b of article L. 861-4 of the Social Security Code.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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