Document background
The Assignment And Agreement Form (Insurance) is a critical document used in Switzerland when transferring rights, benefits, or ownership of insurance policies. It is commonly required in situations such as policy collateralization for loans, business succession planning, estate planning, or corporate restructuring. The document must comply with Swiss insurance regulations, particularly the Insurance Contract Act (VVG) and FINMA guidelines. It contains essential information about the insurance policy, parties involved, terms of assignment, and necessary representations and warranties. This form is particularly important in the Swiss financial sector, where insurance policies are frequently used as financial planning tools and may need to be transferred or assigned for various business or personal purposes. The document ensures legal certainty and proper documentation of the transfer while protecting the interests of all parties involved.
