French Insurance Code
In forceI - The remuneration referred to in III of article L. 521-1 refers to any commission, fee, other type of payment or benefit of any kind, economic or otherwise, offered or provided in connection with insurance distribution activities.
II - Remuneration allocated for distribution activities may only be passed on in whole or in part to one of the intermediaries mentioned in I of article R. 511-2.
At the request of the intermediary, the intermediary must inform the natural person or legal entity intending to take out or subscribe to an insurance contract by virtue of his professional activities of the amount of the commission and any other remuneration paid by the insurance undertaking in respect of the contract offered. This obligation applies when the intermediary operates in accordance with the conditions set out in c of II of article L. 521-2 and presents, offers or helps to conclude a contract, for this person, for which the annual premium exceeds 20,000 euros.
III - The above provision does not preclude the retrocession of a referral fee to indicators whose role is limited to putting the policyholder and the insurer, or the policyholder and one of the intermediaries mentioned in article R. 511-2, in contact with each other, or to signposting one to the other.
