The guarantee fund of the undertakings referred to in Article L. 310-3-2 authorised to operate one or more of the classes referred to in 20 to 28 of Articles R. 321-1 of this Code, R. 211-2 of the Mutual Code and R. 931-2-1 of the Social Security Code is equal to one third of the minimum required solvency margin defined in Article R. 334-13, but may not be less than…
The provisions of article R. 334-15 concerning the minimum amount of the guarantee fund do not apply to mutual insurers and unions governed by Book II of the Mutual Code which : a) either exclusively guarantee death benefits where the lump sum does not exceed 150% of the monthly social security ceiling or where these benefits are provided in kind ; b) meet all of the following conditions: -their articles…
The solvency margin referred to in Article L. 334-1 is made up, after deduction of losses, the portion of acquisition costs not recognised as a representation of regulated commitments and other intangible items, of the following items: a) The items defined in 1, 2 and 3 of I, 1 and 2 of II and 1 and 3 of III of article R. 334-11 , taking into account the deductions provided…
The minimum required solvency margin for undertakings referred to in Article L. 310-3-2 and authorised to operate simultaneously in at least two or more classes mentioned either in 1 and 2 or in 20 to 26 of Articles R. 321-1 of this Code, R. 211-2 of the Mutual Code and R. 931-2-1 of the Social Security Code is equal to the sum of the following two elements, referred to respectively…
The guarantee fund of the undertakings referred to in article L. 310-3-2 is equal to one third of the minimum required solvency margin defined in article R. 334-19, but may not be less than the thresholds defined in article R. 334-15. Up to these thresholds, or up to half of the said fund if this half is greater than the said thresholds, the fund is made up of the items…
French undertakings authorised on 23 July 1976 to conduct one or more of the classes mentioned in 1 to 17 of article R. 321-1, and whose total annual written premiums or contributions as at 31 July 1978, including incidentals and after deduction of cancellations, do not reach six times the minimum amount of the guarantee fund, may be exempted by the Autorité de Contrôle des Assurances et des Mutuelles from…
Notwithstanding the provisions of this section, authorised undertakings may only obtain an extension of their authorisation to operate in other classes mentioned in 1 to 18 of Article R. 321-1 if they can demonstrate that their solvency margin is at least equal to the regulatory amount.
The undertakings referred to in Article R. 310-10-1, authorised on 4 July 1993 to conduct one or more of the classes of business referred to in Article R. 321-1 within the territory of the French Republic, and which comply with the permanent regulatory provisions relating to technical provisions, the solvency margin and the guarantee fund, as well as the undertakings referred to in 1° of Article L. 310-10-1, which comply…
The provisions of this chapter, with the exception of section VIII, are applicable in the territories of New Caledonia, French Polynesia, the French Southern and Antarctic Territories and Wallis and Futuna.
When the Autorité de contrôle prudentiel et de résolution requires an insurance undertaking to submit a recovery plan pursuant to Article L. 612-32 of the Monetary and Financial Code, the plan must include, in particular, a detailed description of the following items for the next three financial years, accompanied by the relevant supporting documents: 1° A forecast of management expenses, in particular current overheads and commissions ; 2° A detailed…
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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