French Insurance Code
In forceUnder the conditions laid down in this chapter, the State guarantee may be granted to operations contributing to the development of France's foreign trade, to exporting French companies and to legal entities governed by foreign law which they control alone or jointly within the meaning ofArticle L. 233-3 of the Commercial Code when recourse to a local law entity is necessary, or to French companies importing or investing abroad or, under conditions specified by decree, for shipbuilding or civil spacecraft construction operations, to French companies in competition with a foreign person benefiting from public support, or for the benefit of credit institutions, finance companies, insurance and reinsurance companies, mutual insurance companies and provident institutions, under French or foreign law, as well as the bodies mentioned inarticle L. 214-1 of the Monetary and Financial Code.
The Minister for the Economy is authorised, under the same conditions, to grant the State guarantee for the management of operations and guarantees to cover the monetary risk of the body mentioned in the first paragraph of article L. 432-2 of this code.
The State guarantee provided for in this article may not be granted with a view to the export of goods and services for operations whose direct purpose is the exploration, production, transport, storage, refining or distribution of coal or liquid or gaseous hydrocarbons, or the production of energy from coal, with the exception of operations aimed at reducing the negative environmental impact or improving the safety of existing installations or their impact on health, without increasing their lifespan or production capacity, or aimed at dismantling or converting these installations.
