Article
Update To French Insurance Code Regarding Time Limits For Claims Handling In “damage Insurance”
France has enacted new legislation imposing strict time limits on insurers for handling property and casualty insurance claims, requiring offers or reasoned refusals within two to six months depending on expert involvement. The law mandates payment within 21 days of acceptance and grants the French Prudential Authority oversight powers, though implementation details await a forthcoming decree.
Holman Fenwick Willan