translate English to French:  92/49/EEC In the case of the association of underwriters know as Lloyd's, asset categories shall also include guarantees and letters of credit issued by credit institutions within the meaning of Directive 77/780/EEC61 or by assurance undertakings, together with verifiable sums arising out of life assurance policies, to the extent that they represent funds belonging to members.
de la directive 77/780/CEE61 ou par des entreprises d'assurance ainsi que les sommes vérifiables qui résultent de polices d'assurance vie, dans la mesure où elles représentent des fonds appartenant aux membres.