French Insurance Code

The administrative authorisation provided for in Article L. 329-1 is issued to branches of undertakings referred to in 4° of Article L. 310-2, under the conditions set out in Articles R. 321-1, R. 321-3, R. 321-5, R. 321-14, R. 321-16 to R. 321-18, if this undertaking is authorised to carry on insurance business under the national legislation to which it is subject and if it undertakes to establish at the…

The general representative of the branches of undertakings referred to in 4° of Article L. 310-2, if a natural person, must reside within the territory of a Member State. If the authorised representative is a legal entity, its registered office must be located within the territory of a Member State, and the natural person appointed to represent it must satisfy the conditions laid down in the following paragraphs and, in…

Under the conditions laid down in this chapter, the Autorité de contrôle prudentiel et de résolution authorises branches of undertakings referred to in 4° of Article L. 310-2 to transfer all or part of their portfolio of contracts to a transferee undertaking established on French territory, where the Autorité certifies that the transferee undertaking has, taking into account the transfer, sufficient eligible own funds to cover the Solvency Capital Requirement…

I.-Branches of undertakings referred to in 4° of Article L. 310-2 shall establish adequate technical provisions to cover the insurance and reinsurance obligations underwritten on French territory, calculated in accordance with the provisions of Section I of Chapter I of Title V of this Book, with the exception of Articles L. 351-4 and L. 351-5 and value their assets and liabilities in accordance with the procedures set out in Section…

The statutory auditors of the branches of companies referred to in 4° of Article L. 310-2 are appointed by the authorised agent referred to in Article R. 329-2.