Article L310-9 of the French Insurance Code
November 8, 2023
The presence of limited financial reinsurance operations is explicitly mentioned in the title of the contracts governing this type of operation.
The presence of limited financial reinsurance operations is explicitly mentioned in the title of the contracts governing this type of operation.
The Minister for the Economy may, after consultation with the Consultative Committee for Financial Legislation and Regulation and at the request of one or more of the representative professional bodies mentioned in article L. 132-9-2 , approve by order the codes of conduct that these bodies have drawn up for the marketing of individual insurance policies with surrender values, capitalisation policies and policies mentioned in article L. 132-5-3 and article…
It is forbidden to take out direct insurance of a risk relating to a person, property or liability situated in the territory of the French Republic with foreign undertakings other than those referred to in article L. 310-2. However, the provisions of the above paragraph do not apply to insurance of risks relating to sea and air transport. In addition, the provisions of the previous paragraph may be waived by…
The undertakings mentioned in 3° of I of Article L. 310-2 are foreign undertakings having their registered office in the Swiss Confederation and mentioned in 2° and 3° of Article L. 310-1. For the application of this book, the companies mentioned in the previous paragraph are subject to the same provisions as companies which have their registered office in a State party to the Agreement on the European Economic Area.
The Autorité de contrôle prudentiel et de résolution carries out its mission under the conditions set out in Chapter II of Title I of Book VI of the Monetary and Financial Code.
The Autorité de contrôle prudentiel et de résolution shall ensure that the constitution and operation of the decision-making and governing bodies of the persons referred to in 1° to 3°, 5° and 9° to 11° of B of I of Article L. 612-2 of the Monetary and Financial Code comply with the provisions governing them.
The Autorité de contrôle prudentiel et de résolution may, at their request, authorise service providers responsible for labelling contracts open to individual subscription and settlements eligible for a contribution from local authorities and their public establishments pursuant to article 88-2 of law no. 84-53 of 26 January 1984 on statutory provisions relating to the local civil service. Authorisation may be withdrawn at the request of the service provider or if…
In periods of extreme instability in the financial markets, the Autorité de contrôle prudentiel et de résolution takes into account the possible pro-cyclical effects of its actions.
The Autorité de contrôle prudentiel et de résolution shall examine and evaluate the strategies, processes and reporting procedures established by the undertakings referred to in Article L. 310-3-1 in order to comply with the provisions of Title V of this Book. This examination and evaluation shall include an assessment of the qualitative requirements relating to the system of governance, an assessment of the risks to which the undertakings concerned are…
After informing the authorities of the host Member State, the Autorité de contrôle prudentiel et de résolution may carry out, itself or through the intermediary of persons it appoints for that purpose, on-site verifications of the information necessary for the financial supervision of branches of French insurance and reinsurance undertakings. If, after having been informed by the Autorité de contrôle prudentiel et de résolution of its intention to carry out…
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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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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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