The constitution of a federation of mutual

As part of our dossier on the constitution of a federation of mutual insurance , it behooves us now to indicate that members of a federation which are of Book II of the Mutuality Code can create, in accordance with the Article L. 111-4 of the Code, a union to manage a federal system with guarantees. Thus, the federal system warranty and works up to the conditions laid down in Article L. 111-6 of the Code of mutuality and is under the control of the supervisory authority. However, in view of deepening the question of the constitution of a federation of mutual health , it is essential to study the provisions of article L111-6 was amended by Ordinance No. 2010 -76 of 21 January 2010. Thus, federal systems of guarantee set up in accordance with Article L. 111-5 of the Code of mutuality are approved under conditions defined by decree in Conseil d’Etat. Resources of federal systems security are defined by their statutes.

However, it is essential to clarify that a mutual health or union can not be member of more than a federal system with guarantees. Also without prejudice to the supervisory powers vested in the Authority of prudential supervision, federal systems ensure compliance by its members of legislative and regulatory requirements and have an administrative, technical and financial support of their organization and management. In addition to the conditions and limits defined by their rules, they guarantee, in case of default, payment of benefits due to participating members of mutual health and their affiliated unions. But however excluded from this warranty assistance operations and legal protection given to c 1 of I of Article L. 111-1 of the Code of Mutuality.