English translation of article 11 of the Swiss Insurance Supervision Act

Purpose of the company

Chapter 2: Taking up insurance activities

This page contains an English translation of the below Article of the Swiss Insurance Supervision Act (ISA) and is part of a web based Swiss ISA commentary in German language. Should you require qualified written legal advice on the ISA from a Swiss lawyer please do not hesitate to contact: Melissa Gautschi

Article 11 of the Swiss Insurance Supervision Act 

Purpose of the company

1 Apart from insurance business, an insurance company may only conduct business which is directly related to insurance business.

2 FINMA may authorise the conduct of other businesses if these do not endanger the interests of the insured.