French Insurance Code
In forceThe Chairman of the body referred to in the first paragraph of article L. 432-2 delegates all of his powers of operational management of the aforementioned body to the General Manager of this body. The Chief Executive is appointed by the Minister responsible for the economy, after consultation with the Chairman of the aforementioned body, or, if necessary, dismissed.
The Minister for the Economy appoints a representative to the body referred to in the first paragraph of article L. 432-2, who is responsible for ensuring that the State guarantee is implemented and that the body fulfils the responsibilities entrusted to it by the State. This representative is responsible for monitoring the implementation of the agreement provided for in the first paragraph of article L. 432-4. The representative may, at any time, inspect the accounts of the body referred to in the first paragraph of article L. 432-2, as well as any document or information necessary for the performance of its duties. It may make observations and recommendations to the Managing Director, who shall inform it of the action taken on them within fifteen days of receipt.
