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Article R422-5 of the French Insurance Code

I.- The income generated by the guarantee fund comprises the proceeds of the contribution provided for in article L. 422-1, compensation received from liable parties and recoveries made from compensation debtors, income from invested funds and profits on reimbursements and the realisation of assets, payments from the State budget, donations and legacies and any other resources that may be allocated to the guarantee fund. Expenditure includes compensation and costs paid…

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Article R422-6 of the French Insurance Code

As soon as an act of terrorism occurs, the public prosecutor or the competent diplomatic or consular authority informs the guarantee fund without delay of the circumstances of the event and the identity of the victims. In addition, any person who considers themselves to be the victim of an act of terrorism may refer the matter directly to the guarantee fund. The guarantee fund assists victims in putting together their…

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Article R422-7 of the French Insurance Code

In the event of a medical examination being carried out on the victim of an act of terrorism at the request of the guarantee fund, the latter shall inform the victim at least fifteen days before the date of the examination of the identity and qualifications of the doctor responsible for carrying out the examination, as well as the purpose, date and place of the examination. They will also be…

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Article R*422-8 of the French Insurance Code

The offer of compensation for personal injury made to the victim of an act of terrorism shall indicate the assessment made by the Fund for each head of loss and the amount of compensation due to the victim taking into account the benefits listed in article 29 of law no. 85-677 of 5 July 1985 and compensation of any kind received or to be received from other debtors for the…

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Article R423-1 of the French Insurance Code

The policyholders’ guarantee fund instituted by article L. 423-1 may not refuse membership to an insurance undertaking referred to in the same article, authorised under the conditions provided for in articles L. 321-1, L. 321-7 or L. 329-1, or to a supplementary occupational pension fund authorised under the conditions provided for in article L. 382-1. Membership of the fund is terminated only in the event of the withdrawal, cessation or…

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Article R423-2 of the French Insurance Code

Insured persons, subscribers to contracts, members and beneficiaries of benefits relating to insurance classes 1, 2, 20 to 26 defined in Article R. 321-1 subscribed with companies that are members of the policyholders’ guarantee fund benefit from this fund. Policyholders, contract subscribers, members and beneficiaries of benefits relating to supplementary professional retirement activities subscribed with supplementary professional retirement funds which are members of the policyholders’ guarantee fund benefit from this…

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Article R423-3 of the French Insurance Code

The college set up under article L. 423-2 is made up of the Director General of the Treasury or his representative, the Chairman of the Autorité de contrôle prudentiel et de résolution and the Chairman of the Supervisory Board of the policyholders’ guarantee fund, or their representatives.

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Article R423-4 of the French Insurance Code

The Autorité de contrôle prudentiel et de résolution may set a different reduction rate for each set of contracts with the same characteristics. All contracts in the same group have the same reduction rate. If the Autorité de contrôle prudentiel et de résolution decides to transfer all or part of the contracts to one or more undertakings, it shall arrange, at the expense of the defaulting undertaking, for the assets…

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