The general representative of branches of undertakings referred to in 3° of III of Article L. 310-1-1 duly established in France must be vested by the undertaking concerned with sufficient powers to bind the latter vis-à-vis third parties and to represent it vis-à-vis the French authorities and courts.
For three financial years following the issue of the authorisation referred to in Article L. 321-1-1, the undertaking must submit an annual report to the Autorité de contrôle on the implementation of the programme of operations referred to in Article L. 321-10-1. If the undertaking’s activities do not comply with the programme of operations, the Autorité de contrôle takes appropriate measures to protect the interests of reinsured undertakings. Without prejudice…
All documents accompanying applications for approval must be written in or translated into French.
Administrative approval is granted by a decision published in the Official Journal.
I.-Any person subject to supervision by the Autorité de contrôle prudentiel et de résolution pursuant to B of I of Article L. 612-2 of the Monetary and Financial Code, with the exception of the undertakings referred to in 1° of III of Article L. 310-1-1 of this Code, and planning to open a branch or to carry on business under the freedom to provide services, in accordance with the provisions…
To enable insurance undertakings that are party to a co-insurance transaction to benefit from the exemption provided for in article L. 321-12, the transaction must meet the following criteria: 1° The risk is covered by a single contract at a single premium for the same term; 2° The insurers are not jointly and severally liable; 3° One of the insurers is designated as the lead insurer: the lead insurer must…
For insurance undertakings benefiting from the exemption provided for in Article L. 321-12, the technical provisions defined in Title IV of Book III, which each of these undertakings must establish for the corresponding co-insurance operations, are at least equal to the amount calculated by the leading insurer in accordance with the rules of the Member State in which it is established.
Insurance undertakings whose head office is in France and which participate in the operations referred to in Article L. 321-12 as leading insurers shall provide the other insurers participating in these operations with statistical data showing the size of the European co-insurance operations in which they participate.
When applying for authorisation for the legal protection class of business in accordance with the provisions of Articles L. 321-1, L. 321-7 and L. 329-1, any insurance undertaking must indicate, when submitting the documents provided for in these four Articles, the management method adopted, from among those set out in Article L. 322-2-3. Where the undertaking chooses to entrust claims in the legal protection branch to a legally distinct undertaking,…
When an undertaking authorised in the legal protection branch wishes to opt for a management method other than the one it has previously chosen, it must inform the Autorité de contrôle prudentiel et de résolution. The new management method chosen will take effect one month after the Autorité de contrôle prudentiel et de résolution has been notified, unless the Autorité de contrôle prudentiel et de résolution objects within the same…
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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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