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Setting the policy to a valid URL has Google Chrome download the site list from that URL and apply the rules as if they were set up with the Google Chrome and the alternative browser from opening one another.
Leaving it unset (or set to a invalid URL) means Google Chrome doesn't use the policy as a source of rules for not switching browsers.
Note: This policy points to an XML file in the same format as Internet Explorer®'s SiteList policy. This loads rules from an XML file, without sharing those rules with Internet Explorer®. Read more on Internet Explorer®'s SiteList policy ( https://docs.microsoft.com/internet-explorer/ie11-deploy-guide/what-is-enterprise-mode )