Limitation on transferability
0859-en RE430 Financial Market Law As of 11.07.2026
The limitation on transferability is used for securing a loan by means of the entitlements from the insurance contract. The insurance policyholder applies to the insurance undertaking for limitation on transferability. Then the insurance undertaking deposits a declaration of limitation on transferability to the creditor to whom transferability is limited (e.g. a bank). Consequently entitlements can only be paid out to the policyholder by the insurance undertaking with the approval of the creditor to whom transferability is limited.
Deutsch
Vinkulierung 0859-de
Die Vinkulierung dient der Kreditbesicherung durch Ansprüche aus dem Versicherungsvertrag. Der Versicherungsnehmer beantragt beim Versicherungsunternehmen die Vinkulierung. Daraufhin gibt das Versicherungsunternehmen eine Vinkulierungserklärung gegenüber dem Vinkulargläubiger (z.B. Bank) ab. Damit sind Leistungen des Versicherungsunternehmens an den Versicherungsnehmer nur mit Zustimmung des Vinkulargläubigers möglich.
Suggested citation
Limitation on transferability (0859-en), in: LAWPEDIA®-Glossar, provided by LAWCONSULT AG, www.lawconsult.ch/lawpedia/en/limitation-on-transferability, as of: 11.07.2026 [accessed on …].
The entries in the LAWPEDIA® glossary serve general information purposes and do not constitute legal advice. Despite careful preparation, LAWCONSULT AG accepts no liability for the accuracy, completeness or timeliness of the information.