French Insurance Code

The professional indemnity insurance contract provided for in I of article R. 512-14 shall include obligations that may not be less than those defined below: 1° The minimum level of cover under the insurance contract is set at 1,500,000 euros per claim and 2,000,000 euros per year for a single intermediary; 2° It may set an excess per claim which may not exceed 20% of the amount of compensation due….

The amount of the financial guarantee referred to in article R. 512-15 must be at least equal to the sum of 115,000 euros and may not be less than twice the average monthly amount of funds collected by the intermediary, calculated on the basis of funds collected over the last twelve months preceding the month of the date of subscription or renewal of the guarantee undertaking. In calculating the amount…

The diplomas, degrees or certificates mentioned in article R. 512-9 of this code are : 1° Diplomas and qualifications corresponding to Master’s level training. 2° Diplomas and qualifications corresponding simultaneously to : -the bachelor’s degree level ; -training speciality 313 of the nomenclature of training specialities approved by decree no. 94-522 of 21 June 1994. 3° Certificates of professional qualification registered in the national register of professional certifications and corresponding…

The diplomas, degrees or certificates mentioned in article R. 512-10 and article R. 512-12 of this code are : 1° Diplomas and qualifications registered in the National Vocational Certification Register and corresponding simultaneously to: -training level III of the nomenclature of training levels used by the Commission nationale de la certification professionnelle, as amended by decree no. 2007-466 of 28 March 2007 ; -training speciality 313 of the nomenclature of…

I.-In application of II of article R. 512-13-1, the skills required to carry out the duties mentioned in II of article L. 511-2, as well as the corresponding training or continuing professional development, are: 1° With regard to general professional skills : a) Understanding the insurance distribution business and environment and how it is evolving in relation to the duties performed: mastering the conditions governing access to and the exercise…