Insurance Broker Mandate

Client Mandate (Name, Address, Stamp)

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Broker, Mandate Holder

FINMA Reg. F01207772

Baumassurance AG

Badenerstrasse 681

Postfach

CH-8048 Zürich

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Co-broker

FINMA Reg. F01478042

Simplinsure GmbH

Fidmenstrasse 5

CH-6442 Gersau

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The client authorizes and empowers the broker/co-broker to provide ongoing management of the entire insurance portfolio, including pension fund plans and retirement solutions.

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Administration: Unless otherwise agreed, correspondence will be directed to the broker's address, applicable for insurance contracts, modifications, declarations, claims documents, premium invoices, etc. The broker forwards original documents to the co-broker, who ensures they reach the client. In special situations or as needed, other arrangements can be made between the parties.
 

The client remains the policyholder and beneficiary of pensions and is also responsible for premium payments. The client signs insurance and pension contracts themselves and receives claim payments and pension benefits from insurers. In special situations, based on need or operational changes, alternative arrangements can be made between the parties.
 

The broker represents the client in all other matters with insurers and foundations. The broker is also authorized to conduct negotiations, access files, manage existing insurance contracts, and, upon agreement with the client, terminate and request new offers for these contracts.

The co-broker commits to the following tasks:

• Managing and reviewing existing contracts, as well as assessing needs and cost efficiency.

• Providing recommendations to the client as needed.

• Supporting the client with claims as necessary.

• Informing the client about updates and developments in the insurance and pension sectors.

• Utilizing special insurance framework agreements negotiated by Baumassurance AG for its clients.

• Conducting tenders and market comparisons for the client.
   

Compensation of the Broker / Co-Broker:

• Through the mandate, the broker receives a market-standard brokerage fee from insurers. No additional costs arise for the client within the usual scope of support obligations. If the broker is not compensated by the client’s insurer, the client owes the broker a fee based on the consulting effort, as outlined in the terms of the "Fee Agreement."
  
  The compensation paid by insurers to the broker depends on the premium amount and the insurance sector. The typical average compensation rates per insurance sector are as follows:
  
  ​Insurance Sectors and Commissions as a Percentage of the Premium (Excluding Stamps and Fees)

  • Accident insurance under UVG: 3–5%

  • Health daily allowance insurance: 7.5%

  • Other accident insurance: 15%

  • Pension funds (cost and risk premiums): 10%

  • Property insurance: 15%

  • Technical insurance: 15%

  • Transport insurance: 15%

  • Liability and other financial insurance: 15%

  • Motor vehicle insurance: 8%

  • Marine / Aviation: 15%

• One-Time Fees

  • KVG Basic Health Insurance: CHF 70

  • VVG Supplementary Health Insurance: Monthly premium × 12–16 in CHF
     

• Compensation for the placement of individual life insurance policies, asset investments, and mortgages is detailed in the "Commissions" appendix.

• The client has the right at any time to request information on the type and amount of compensation the broker receives for each of their insurance contracts. The client generally agrees that the broker may retain compensation from insurers and other providers.

• Additional consultations and extended services will be provided based on prior agreement with the client and billed in accordance with the provisions of the "Fee Consulting" contract.

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Contract Duration:

The broker mandate is a legal agreement governed by Articles 394 ff. of the Swiss Code of Obligations (OR). It begins on the date of signing, is concluded for an indefinite period, and can be terminated by either party at any time under Article 404 of the Swiss Code of Obligations. Termination at an inopportune time remains subject to specific conditions. The broker informs insurers of any mandate changes accordingly.

Data Protection:
The broker commits to processing the client’s personal data in compliance with the requirements of the Swiss Data Protection Act (DSG) (see also the information provided below in accordance with Article 45 of the Insurance Supervision Act).

The client agrees that, as part of the mandate, the broker and their co-brokers may share the client’s data with third parties as necessary for the purpose of fulfilling the mandate and processing data.

The client confirms that they have read and understood the text.
 

*For readability purposes, masculine forms are used for personal designations; however, the feminine form is always implied.