English translation of article 72 of the Swiss Insurance Supervision Act

Insurance conglomerate

Chapter 6: Special provisions regarding the supervision of insurance groups and insurance conglomerates
Section 2: Insurance conglomerates
> Art. 71bis Bankruptcy

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 72 of the Swiss Insurance Supervision Act 

Insurance conglomerate

Two or more companies constitute an insurance conglomerate if:

a. at least one of them is an insurance undertaking;

b. at least one of them is a bank or securities dealer of considerable economic importance;

b. they operate as a whole primarily in the insurance sector; and

c. they constitute an economic unit or are otherwise interconnected through influence or control.