For the purposes of Article L. 511-1, any natural person or legal entity is deemed to be making a presentation, offer or assistance in concluding an insurance transaction if it solicits or obtains the subscription of a contract or membership of such a contract, or explains the terms of cover of a contract orally or in writing to a potential subscriber with a view to such subscription or membership. The…
I.- Distribution as an insurance or reinsurance intermediary and as an insurance intermediary on an ancillary basis may only be carried out for remuneration by the following categories of persons: 1° Insurance or reinsurance brokers, who are natural persons or companies registered as insurance brokers. These persons carry out distribution in accordance with the procedures mentioned in b or c of II of article L. 521-2 ; 2° Les agents…
I – The remuneration referred to in III of article L. 521-1 refers to any commission, fee, other type of payment or benefit of any kind, economic or otherwise, offered or provided in connection with insurance distribution activities. II – Remuneration allocated for distribution activities may only be passed on in whole or in part to one of the intermediaries mentioned in I of article R. 511-2. At the request…
In order to carry out the business of insurance or reinsurance distribution, intermediaries and intermediaries on an ancillary basis in the categories mentioned in 1° to 4° of I of article R. 511-2 are registered in the register mentioned in article L. 512-1.
I.-The body provided for in the second paragraph of I of Article L. 512-1 shall take the form of an association. The articles of association of the association thus created shall be approved by order of the Minister responsible for the economy. II – The body is responsible for establishing, maintaining and updating the register referred to in article L. 512-1. To this end, it receives applications for registration or…
All intermediaries and ancillary intermediaries apply for registration on the Register of Intermediaries and for registration in the category or categories of intermediary in which they operate. To this end, they must compile a file showing that they meet the conditions for access to the activities in question. The content of this file is set by order of the Minister for the Economy. For the intermediaries mentioned and intermediaries on…
I.-Registration and enrolment are carried out within a maximum of two months from the date of receipt by the organisation of a complete file. The organisation will send the applicant a certificate showing the registration number and the date of registration. II – If the examination of the complete file shows that the application for registration does not comply with the provisions of this Code, the body will take a…
The register referred to in article L. 512-1 includes a set of information defined by order of the Minister for the Economy.
Any person who has under his authority employees referred to in 5° of I of article R. 511-2 is required to ensure that they meet the conditions of good repute and competence set out in this section which apply to them.
Within a legal entity, the condition of professional competence laid down in articles R. 512-9, R. 512-10 and R. 512-12 applies to the natural persons who are members or third parties who direct or manage this legal entity, or, where applicable, where the distribution activity is carried on as an ancillary activity to the principal activity, to the natural person or persons, within the management, to whom responsibility for the…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
