§ 4 Act on Building Insurance, Fire Prevention and Natural Hazard Prevention, the Fire Brigade and the Natural Hazard Fund (Gebäudeversicherungsgesetz, GVG) - Reserves

1. The SGV shall have sufficient reserves in accordance with its obligations.

2. The amount of reserves shall be determined using actuarially recognized methods and periodically reviewed by an external expert.

3. The risk measure is two times a 200-year event (Expected Shortfall) at a security level of 99.5%.

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