Versicherungsvertrag · insurance contract
Private insurance contracts are governed by a federal Act separate from the Code of Obligations. The general insurance conditions are the most translated part, and the most sensitive to terminology gaps. Fedlex has no English version of that Act, so insurance contract is a usage term: the binding wording is Versicherungsvertrag, contrat d'assurance or contratto d'assicurazione.
Request a demoThe term in four languages
- German
- Versicherungsvertrag
- French
- contrat d'assurance
- Italian
- contratto d'assicurazione
- English
- insurance contract
Definition
An insurance contract is a contract by which the insurance company undertakes, in return for a premium, to provide the agreed benefit when the insured event occurs. It is governed by the Federal Act on Contracts of Insurance, supplemented by the Code of Obligations. The policyholder must disclose the facts that are material to the assessment of the risk, and the insurer must provide the general insurance conditions before the contract is concluded.
Swiss federal acts are published in German, French and Italian, and all three versions are equally authoritative. The English term shown here comes from the Federal Administration's English translation, published on Fedlex for information only. Where there is no translation, it follows common usage.
Full glossaryThe term in an official text
powered by Neur.onWer dem Versicherungsunternehmen den Antrag zum Abschlusse eines Versicherungsvertrages gestellt und für die Annahme keine kürzere Frist gesetzt hat, bleibt 14 Tage gebunden.
Celui qui fait à l’entreprise d’assurance une proposition de contrat d’assurance est lié pendant quatorze jours s’il n’a pas fixé un délai plus court pour l’acceptation.
Source: Fedlex (German text), loi fédérale sur le contrat d'assurance. In Corrext, this segment and the ones around it appear in Fast lookup CHnell, each with its reference.
Related terms
The interest owed by a debtor who is in default on payment of a pecuniary debt.
Verjährung · prescriptionThe loss of the right to enforce a claim in court once the statutory period has expired.
Schadenersatz · damagesCompensation for damage caused by non-performance or by an unlawful act.