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Indonesia’s OJK Issues Regulation on Fit and Proper Test Reassessment

Indonesia - February 6 2019 The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a regulation that sets the guidelines for a fit and proper…

Insurance and Reinsurance Contracts in Indonesia

Indonesia - December 15 2017 Under the Indonesian Commercial Code, insurance is an agreement between the insurer (insurance company) and the insured party under which the insurer…

Ira A. Eddymurthy

Insurance Companies in Indonesia Must Appoint Controller

Indonesia - June 20 2017 Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a regulation that requires insurance companies in Indonesia to…

Ira A. Eddymurthy

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

Indonesia - June 19 2017 The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of…

Ira A. Eddymurthy