English translation of article 14 of the Swiss Insurance Supervision Act

Guarantee of proper business conduct

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 14 of the Swiss Insurance Supervision Act 

Guarantee of proper business conduct

1 The following persons must enjoy a good reputation and provide guarantee of proper business conduct:

a. persons entrusted with the overall direction, supervision, control and with the management;

b. for foreign insurance companies, the general representative.

2 The Federal Council shall determine the professional skills that the persons pursuant to paragraph 1 must have.

3 In case of outsourcing of important functions of the insurance company to other persons, paragraph 1 shall apply by analogy.