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German to English translations [PRO] Bus/Financial
German term or phrase:unterdeckung der Kaution
Art.37 Unterdeckung der Kaution
Ubersteigt der Kautionssoll die vorhandene Deckung, so hat die Gesellschaft die Kaution binnen der vom Versicherungsamt hierfür festgesetzten Frist zu ergänzen.
Article 37 on Swiss private insurance (bond accounting)
Explanation: art. 37 Deposit uncoverings
If the deposit debits exceed the existing coverings, the company has to amend the coverings within the time limit that has been set by the Insurance Department.