English translation of article 36 of the Swiss Insurance Supervision Act

Life insurance 

Chapter 3: Conduct of insurance activities
Section 6: Special provisions for individual insurance lines
> Art. 35 Reinsurance

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 36 of the Swiss Insurance Supervision Act 

Life insurance

1 The Federal Council shall issue regulations on the calculation of the maximum technical interest rate for insurance companies operating direct individual or group life insurance and which must fulfil life insurance contracts with an interest payment guarantee.

2 Insurance companies operating direct individual or group life insurance and which must fulfil life insurance contracts with a surplus participation must provide the insured with a comprehensible statement of surplus participation on an annual basis. The statement shall in particular show the calculation basis and distribution principles of the surpluses.

3 The Federal Council may issue regulations for insurance companies according to paragraph 2 with respect to:

a. the manner in which the information to be disclosed in the statement must be presented;

b. the basis on which the surpluses are calculated;

c. the basis and scope of distribution of the surpluses.
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