The constitution of the Swiss National Guarantee Fund (NGF) is in force since 28 August 2003. The revised version from 15 June 2012 is the following (in German):
The insurance undertakings active in the motor third party liability insurance branch constitute and administrate together the National Guarantee Fund, which has its own legal personality (art. 76 par. 1 of the Road Traffic Act SVG).
Art. 1 par. 1 of the constitution of the NGF states that the NGF is established as an association according to art. 60 ff of the Swiss Civil Code (ZGB).
According to art. 60 par. 2 ZGB, the constitution has to be issued in written form and contain the provisions concerning the purpose, the financing and the organisation of the association. Art. 55 par. 1 of the Legal Ordinance on vehicle insurance (VVV) states that the constitution of the NGF has to be approved by the supervisory authority, the Federal Roads Office (FEDRO).