English translation of article 30 of the Swiss Insurance Supervision Act

Notification duty of external auditors

Chapter 3: Conduct of insurance activities
Section 5: Audit
> Art. 29 Repealed
< Art. 31 Restrictions

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 30 of the Swiss Insurance Supervision Act 

Notification duty of external auditors

External auditors shall notify FINMA without delay if they become aware of the following:

a. criminal offences;

b. serious irregularities;

c. breaches of the principles of proper business conduct;

d. circumstances which are likely to endanger the solvency of the insurance company or the interests of the insured.
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