Part

Large Non-Solvency II Firms – Senior Insurance Management Functions

Chapter

Head of Third Country Branch

Printed on: 29/04/2024

Rulebook at: 12/09/2017

6

Head of Third Country Branch

6.1

This Chapter applies only to a Swiss general insurer.

  • 07/03/2016

6.2

The Head of Third Country Branch function (SIMF19) is the function of having responsibility for the conduct of all activities of the Swiss general insurer that are subject to the regulatory system.

  • 07/03/2016

6.3

  1. (1) A Swiss general insurer must have at least one person approved to perform the Head of Third Country Branch function.
  2. (2) If a vacancy arises in respect of the Head of Third Country Branch function, a Swiss general insurer must ensure that it appoints a person to fill that vacancy as soon as possible.
  • 07/03/2016

6.4

A Swiss general insurer is not required to have any person(s) approved to perform any of the other senior insurance management functions.

  • 07/03/2016