Federal Council adopts dispatch on partial revision of Insurance Oversight Act
Bern, 21.10.2020 - On 21 October 2020, the Federal Council adopted the dispatch on a partial revision of the Insurance Oversight Act (IOA). The Act regulates the supervision of insurance undertakings and insurance intermediaries. In particular, it protects insured parties from the risks of insurer insolvency and from abuses. During the consultation, the bill met with a positive response overall.