English translation of article 17 of the Swiss Insurance Supervision Act

Tied assets 

Chapter 3: Conduct of insurance activities
Section 1: Financial resources
> Art. 16 Technical reserves
< Art. 18 Target amount of the tied assets

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 17 of the Swiss Insurance Supervision Act 

Tied assets

1 The insurance company must secure the claims arising from insurance contracts with tied assets.

2 It is not required to secure its foreign insurance portfolios in accordance with paragraph 1 if equivalent security must be provided for them abroad.