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Please make sure you view the key information alongside your search results. This section details information that must be considered before accepting a risk in the chosen country.

Disclaimer: Crystal is provided for information purposes; it does not constitute solicitation of business and is not intended to be a substitute for appropriate professional advice.

France** Please see Lloyd's Authorisation for details of Lloyd's licensing status

Pre-placement considerations

Lloyd's authorisation

Insurance

Lloyd’s underwriters are authorised to write: 

  • All classes of insurance in this territory on a freedom of services basis, and
  • All classes, except term life, on an establishment basis

 

Lloyd's underwriters can accept insurance for the classes listed below, either on a freedom of services or establishment basis:

Last updated: 16 Mar 2015


Reinsurance

Lloyd's underwriters are permitted to write all classes of reinsurance business originating in this territory.
Last updated: 21 Dec 2015

Definition of risk location

A risk is located in a European Union or European Economic Area member state if it is:

Insurance

  • A building (and its contents issued under the same policy) situated in that member state.
  • A motor vehicle, ship, yacht or aircraft registered in that member state.
  • A travel policy for four months or less taken out in that member state.

For any other type of insurance (including a life insurance) it is a risk of this member state if the insured is habitually resident in the member state or a business or an organisation if the establishment to which the contract relates is situated in that member state.

Reinsurance

A reinsurance of an insurer located in that member state..

Note: The definition of a French risk for premium tax purposes is wider. Taxes and similar charges are imposed on insurance of French risks as defined above, and on any insurance of moveable property normally contained in a building in France (other than goods in commercial transit). This is the case even if a separate policy covers such contents for the account of a non-resident.

Last updated: 28 Aug 2015

Definition of France

The definition of France refers to metropolitan France (including Corsica) and the French territories as listed below. There is a separate entry on Crystal for the territories marked with an asterisk. Monaco is not part of France. Please refer to the separate entry on Crystal for Monaco. 

Overseas Departments and Regions (Départements et Régions d’Outre Mer, DROMs)

  • Guadeloupe*
  • Reunion*

The insurance legislation of metropolitan France applies to DROMs. DROMs are part of the European Union.

Unique Communities (Collectivités Unique, CUs) exercising the competences devolved to the Overseas Departments and Regions

  • French Guiana* (became a CU in 2014)
  • Martinique* (became a CU in 2014)
  • Mayotte* (became a CU in 2011)

The insurance legislation of metropolitan France applies to the Unique Communities exercising the competences devolved to the DROMs. Unique Communities are part of the European Union. Mayotte became a CU on 31 March 2011 and not all legislation of metropolitan France is applicable in that territory yet.

Overseas Communities (Collectivités d’Outre Mer, COMs)

  • French Polynesia (sometimes referred to as a Pays d’Outre Mer, POM, but has the same legal status as a COM)
  • Wallis & Futuna*
  • Saint Martin* 
  • Saint Barthelemy*
  • St Pierre et Miquelon

The insurance legislation of metropolitan France does not automatically apply to COMs and they are not part of the European Union. Under EU law, Overseas Communities are classified as Overseas Countries and Territories (OCTs) (Pays et Territoires d’Outre Mer (PTOM)) as defined in Article 198 of the EU Treaty on the Functioning of the European Union and are subject to a special association arrangement defined in Part IV of the TFEU. The general provisions of EU treaties and secondary law (including the Insurance Directives) do not apply to an OCT unless they are explicitly applied.

EU provisions regarding the relationship between OCTs and the EU are included in Decision 2013/755/EU of the Council of the European Union dated 25 November 2013. This Decision came into force on 1 January 2014 and replaced the Decision 2001/822/EC of the Council of the European Union.

Territorial collectivity with special status

  • New Caledonia*
  • Southern and Antarctic Islands

Territorial collectivities with special status are not DROMS, CUs or COMs and they are not part of the European Union.

The former category of Overseas Territory (Territoire d’Outre Mer, TOM) no longer exists.

For general guidance on identifying the location of a risk please refer to the risk locator.

Last updated: 01 Mar 2016

Compulsory classes

There is an extensive list of compulsory classes. An indicative list of the compulsory classes of insurance in France can be found in the 'More detail' section below.

Policy wordings for compulsory classes must meet the requirements of the relevant law governing the terms of the compulsory insurance. The French supervisory authority may request a copy of the policy for their records. Please check with Lloyd’s office in France as to whether this is necessary.

Last updated: 01 Mar 2016

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Class specific regulations

Personal accident
Last updated: 01 Mar 2016


Routes into Lloyd's

Coverholders

Lloyd's requirements for a coverholder carrying on French business on behalf of a Lloyd's managing agent   
Last updated: 28 Sep 2016

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Binding authority held by a coverholder in France
Last updated: 28 Sep 2016

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Binding authority held by a coverholder outside France, in another EEA Member State
Last updated: 03 Aug 2016

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Binding authority held by a coverholder outside France and outside the EEA
Last updated: 03 Aug 2016

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Reinsurance
Last updated: 28 Sep 2016

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Open market correspondents

The Open Market Correspondent (OMC) approval process does not apply in this territory.

The following must be noted.

Open market business via a French intermediary, dealing directly with Lloyd's or with a Lloyd’s broker

  • The intermediary does not require Lloyd’s approval or registration.
  • The intermediary must be a registered intermediary in France.

Open market business via an intermediary outside France in the EEA, dealing with a Lloyd's broker

  • The intermediary does not require Lloyd’s approval or registration. However, it must operate in accordance with French law and regulation.
  • It must be a registered insurance intermediary in its home state.
  • It must have passporting approval for France if it is going to conduct insurance mediation activity in the territory.

Open market business via an intermediary outside France and outside the EEA, dealing directly with a Lloyd's broker

  • The intermediary does not require Lloyd’s approval or registration.
  • The intermediary must not engage in insurance mediation in France.
  • The intermediary must deal with customers in France only via an insurance intermediary that is either registered in France or registered in another EEA member state and with passporting authorisation for France.

Reinsurance

  • A reinsurance intermediary carrying on reinsurance mediation in France must be either registered there or have passporting approval for France.
Last updated: 23 Dec 2014

Insurance documentation

Insurance documents

Contract certainty applies to general insurance contracts either entered into by a UK regulated insurer (such as Lloyd’s underwriters) or arranged through a UK regulated broker (such as Lloyd’s brokers based in the UK).

Lloyd's has developed Quality Assurance (QA) checks to help the market comply with this requirement.

Further information on contract certainty can be found on the Market Reform website.

Last updated: 03 Oct 2016


Market Reform contract guidance

This guidance on completing a Market Reform Contract (MRC) focuses on tax and regulatory checks.

It provides advice on completion of the Fiscal and Regulatory section, plus completion of headings in other sections relevant to fiscal and regulatory compliance.

This guidance relates to insurance (ie not reinsurance).
Last updated: 03 Apr 2014


Language of contract

 

Last updated: 01 Mar 2016

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Choice of law

To meet contract certainty requirements, the insurance contract must contain a choice of law clause.
Last updated: 03 Apr 2014


Jurisdiction

To meet contract certainty requirements, the insurance contract must contain a jurisdiction clause.

The Revised Brussels I Regulation 1215/2012/EU applies and determines the jurisdiction applicable.

Insurance of large risks: The underwriter can agree with the insured the jurisdiction that will apply to the contract.

Insurance of mass risks: In the event of a dispute, the rules in the Revised Brussels I Regulation determine the EU member state(s), in which a party can bring an action.

Reinsurance: The underwriter can agree with the reinsured the EU member state whose jurisdiction will apply to the contract.

Last updated: 07 Jan 2015


Service of suit

Insurance

To meet contract certainty requirements, the insurance contract must contain a service of suit clause.

Establishment business: Lloyd's General Representative must be nominated for policies written on an establishment basis.

Services business: Lloyd's General Representative may be nominated for policies written on a services basis.

There is a standard service of suit clause LSW487 for use in Europe and this is available on the Lloyd's Wordings Repository in French or English.

Reinsurance

There are no requirements for reinsurance business.

Last updated: 01 Apr 2015

Cancellation and non-renewal

What's new

Information on non-renewal of personal accident insurance policies

Non-renewal of personal accident insurance policies

Last updated: 13 Jan 2017


Processing and servicing of risks

Claims

French Insurance Association claims management conventions and arbitration facilities
Last updated: 04 Aug 2016


Lloyd's representation and other contact details

Lloyd's representative

Lloyd's France SAS
8/10 Rue Lamennais
75008 Paris
France

Tel: + 33 (0)1 42 60 43 43 or +44 (0) 207 327 7038
Fax: + 33 (0)1 42 60 14 41

Email: lloydsparis@lloyds.com

Country Manager: Guy-Antoine de La Rochefoucauld

Email: guy-antoine.delarochefoucauld@lloyds.com

Last updated: 01 Mar 2016