Chapter II: General principles relating to insurance mediation

I.-The amount of the financial guarantee provided for in article L. 512-7 is set by order of the Minister for the Economy. II – The guarantee commitment, which takes effect on 1st March for a period of twelve months, is tacitly renewed on 1st January of each year. The amount of the guarantee is revised when the commitment is renewed. III – The guarantor issues a financial guarantee certificate to…

I. – The financial guarantee is implemented on the sole grounds that the guaranteed intermediary is in default, without the guarantor being able to invoke the benefit of discussion against the creditor. The guaranteed intermediary shall be deemed to have defaulted one month after the date of receipt by the guaranteed intermediary of a registered letter demanding payment of the sums due or a summons to pay, which has remained…

Cover ceases if the contract is cancelled on its expiry date. It also ceases on the death or cessation of activity of the person covered or, in the case of a legal entity, on the dissolution of that entity. Under no circumstances may the guarantee cease before the expiry of a period of three clear days following the date on which the association referred to in article R. 512-3 is…