French Insurance Code

Insurance policies covering civil liability risks must provide that, with regard to this cover, no forfeiture on the grounds of a breach by the insured of its obligations committed subsequent to the loss will be enforceable against injured parties or their beneficiaries. They must not contain any clause prohibiting the insured from calling the insurer into question or invoking it as guarantor in connection with the settlement of a claim….

The subsequent period of cover triggered by the claim referred to in the fourth and fifth paragraphs of article L. 124-5 may not be less than ten years where the insured natural or legal person : I.- Exercises one of the following professions: 1° Asset manager ; 2° Court-appointed administrator and court-appointed representative for the recovery and liquidation of companies; 3° Lawyer registered with a French bar; 4° Avocat au…

When the cover taken out by a natural person for their professional activity is the last cover provided before they ceased their professional activity or died, the period provided for in the fourth and fifth paragraphs of article L. 124-5 may not be less than ten years. In the event of resumption of the same activity, this period is reduced to the period between the date of expiry or cancellation…

The ceiling applicable to cover triggered during the subsequent period referred to in the fourth and fifth paragraphs of article L. 124-5 is the same for the entire period, without prejudice to the other terms of the cover or more favourable contractual stipulations. It is specific and covers only those claims for which cover is triggered during this period. It may not be less than the amount of cover triggered…