LR-Nr.: 961.01, Art. 66 - 68, plus part I of Appendix 1


Law on Supervision

IX. Transitional and Concluding Provisions

Art. 66

Authorisations

Authorisations for the conduct of an insurance undertaking which do not comply with the requirements of this law and the Executive Orders relating thereto shall be adapted to the new law within one year of the coming into force of the relevant decrees or, as the case may be, shall be withdrawn or revoked.

 

Art. 67

Executive Orders

The Government shall issue the Executive Orders necessary for the implementation of this law.

 

Art. 68

Entry into Force

This law shall enter into force on 1 January 1996.

 

signed Hans-Adam

signed Dr. Mario Frick
Head of the Princely Government

 

Appendix 1

 

Division of the Risks in Loss Insurance according to
Insurance Branches as specified in Art. 3 Para. 1

1. Accidents (including accidents at work and occupational
diseases)

– non-recurring benefits

– recurring benefits

– combined benefits

– conveyance of persons

2. Sickness

– non-recurring benefits

– recurring benefits

– combined benefits

3. Comprehensive insurance for land vehicles

(without rail vehicles)

All damage to

– power-driven and/or motor vehicles

– land vehicles without self propulsion

4. Comprehensive insurance for rail vehicles

All damage to rail vehicles

5. Comprehensive insurance for aircraft

All damage to aircraft

6. Comprehensive insurance for sea, inland waterway and river navigation

All damage to:

– vessels

– inland waterway vessels

– seagoing vessels.

7. Goods in transit (including merchandise, baggage and any other goods)

All damage to goods in transit, irrespective of the means of conveyance used in each case

8. Fire and damage caused by the forces of nature

All property damage (if it not covered by branches 3, 4, 5, 6
or 7) caused by

– fire

– explosion

– storm

– other losses caused by the forces of nature excluding storm

– nuclear energy

– subsidence and landslides

9. Other property damage

All property damage (if not covered by branches 3, 4, 5, 6 or 7) caused by hail or frost or resulting from causes of any kind (such as theft, for example) unless these causes are covered
under Number 8

10. Third-party liability for self-propelled land vehicles

Third-party liability of all kinds (including carrier third-party liability) resulting from the use of self-propelled land vehicles

11. Third-party liability for aircraft

Third-party liability of all kinds (including carrier third-party liability) resulting from the use of aircraft

12. Third-party liability for sea, inland waterway and river
navigation

Third-party liability of all kinds (including carrier third-party liability) resulting from the use of river, inland waterway and seagoing vessels.

13. General third-part liability

All other third-party liability cases which do not fall under Numbers 10, 11 and 1

 

 


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Art. 66-68, part I of Appendix 1
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