English translation of article 19 of the Swiss Insurance Supervision Act

Application of tied assets 

Chapter 3: Conduct of insurance activities
Section 1: Financial resources
> Art. 18 Target amount of the tied assets
< Art. 20 Provisions governing 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 19 of the Swiss Insurance Supervision Act 

Application of tied assets

1 The funds assigned to the tied assets shall be used to satisfy the claims to be secured by the tied assets.

2 In case of a portfolio transfer to another insurance company, the tied assets or equivalent assets shall be transferred to the insurance company taking over the insurance portfolio to the extent FINMA does not rule otherwise.