English translation of article 44 of the Swiss Insurance Supervision Act

Requirements for registration

Chapter 4: Insurance intermediaries

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 44 of the Swiss Insurance Supervision Act 

Requirements for registration

1 Only those persons shall be registered who:

a. have sufficient professional qualifications or, in the case of legal entities, can demonstrate that a sufficient number of their employees have these qualifications; and

b. have taken out professional liability insurance or provided equivalent financial surety.

2 The Federal Council shall determine the required professional qualifications and minimum level of financial surety. It may entrust the stipulation of technical details to FINMA.