French Insurance Code
In forceI.-An association referred to in I of article L. 513-3 may terminate the membership of one of its members at its request. Membership may also be withdrawn automatically by the association if the broker, brokerage company or agent no longer fulfils the conditions or undertakings to which its membership was subject, if it has not commenced business within twelve months of becoming a member, if it has not been in business for at least six months or if it has obtained membership by making false declarations or by any other irregular means.
Any withdrawal of membership is notified to the body that keeps the register referred to in I of Article L. 512-1.
When membership is automatically withdrawn, the Autorité de contrôle prudentiel et de résolution is notified and the withdrawal takes effect at the end of a period determined by the association.
When membership is automatically withdrawn, the association may also decide to inform the other professional associations referred to in I of Article L. 513-3 of its decision.
An appeal against the decision to withdraw membership may be lodged with the court having jurisdiction over the association's registered office.
II - The professional association is not competent to sanction breaches by its members which fall exclusively within the competence of the Autorité de contrôle prudentiel et de résolution mentioned in article L. 612-1 of the Monetary and Financial Code.
