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LR-Nr.: 961.01, part III of Appendix 1, Appendix 2 - 3


Law on Supervision

Designation of authorisation granted simultaneously for
several branches (collective designations)

 

If the authorisation simultaneously covers

  • a) the branches 1 and 2, it is granted under the designation
    "Accidents and Sickness";

    b) the branches 1 (fourth dash), 3, 7 and 10, it is granted under the designation "Motor vehicle insurance";

    c) the branches 1 (fourth dash), 4, 6, 7 and 12, it is granted under the designation " Sea and Transport Insurance ";

    d) the branches 1 (fourth dash), 5, 7 and 11, it is granted under the designation "Aircraft insurance ";

    e) the branches 8 and 9, it is granted under the designation "Fire and other Property Damage";

    f) the branches 10, 11, 12 and 13, it is granted under the designation "Third-Party Liability";

    g) the branches 14 and 15, it is granted under the designation "Credit and Security Bond".

  •  

    Appendix 2

     Division of the Risks in Life Insurance according to
    Insurance Branches as specified in Art. 4 Para. 3

     

    1. Life insurance

    - pure endowment and insurance on death

    - pensions insurance

    - supplementary insurance for accidental death, invalidity and sickness

    2. Marriage insurance, birth insurance

    3. Share or unit-linked life insurance

    4. Health insurance (including insurance against invalidity)

    5. Tontine insurance

    6. Capitalisation transactions

     

     

     

    Appendix 3

     

    Major Risks as specified in Art. 11 Para. 8

     

  • The following are considered as major risks:

    a) The risks classified under branches 4, 5, 6, 7, 11 and 12 of Appendix 1;

    b) the risks classified under branches 14 and 15 of Appendix 1 when the policy holder pursues gainful employment in the industrial or trade sector or a self-employed activity and the risk is related thereto;

    c) the risks classified under branches 3, 8, 9, 10, 13 and 16 of Appendix 1 if the policy holder exceeds the upper limits in the case of at least two of the three following criteria

  • Sum balance sheet sum: 6.2 million ECU

    Sum net turnover: 12.8 million ECU

  • Sum average number of employees in the course of the
    business year: 250-

     

  • If the policy holder is a member of a group of companies for which a consolidated balance sheet is prepared, the above-mentioned criteria shall be applied to the consolidated balance sheet.

     


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