Federal Office of Private Insurance FOPI
Federal Office of Private Insurance FOPI
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Submission of business plan
- Insurance undertakings wishing to obtain authorization for insurance activities must submit an application to the supervisory authority along with a business plan (art. 4 para. 1; art. 2. para 1 (a) and (b) ISA).
- Insurance undertakings already holding an authorization to operate business must submit a new business plan to the supervisory authority by 31 December 2007 in accordance with the new Insurance Supervision Act (art. 216 para. 9 SO; art. 4 para. 2 ISA).
- Changes to the existing business plan in accordance with art. 5 ISA shall only be disclosed after submission of the new business plan.
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