Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, IGAP Trisnajaya
In the recent meeting on the Draft Bill on Insurance (Draft Bill), the House of Representatives discussed Article 32 (3) of the Draft Bill, which stipulates provisions on Financial Services Authority’s (OJK) involvement with the insurance mediation institutions.
It is expected that this article will create a legal framework for regulating Indonesian Insurance Mediation Board (BMAI), which has been operating without such framework since its establishment in 2006.
BMAI itself functions as an independent mediator and arbitrator in resolving insurance claim disputes between insurance companies and their customers.
Dumoli Freddy Pardede, Deputy Commissioner of OJK on Supervision of Non-Bank Financial Industry II, stated that even though OJK would be involved in BMAI functions as part of the legal framework, it must remain independent.
As a result, BMAI should be a self-regulated organization when the Draft Bill passes. “[BMAI] must be independent,” stated Dumoli in a text message to hukumonline.
When contacted by hukumonline on Monday (4/3), Frans Lamury, Chairman of BMAI, stated that he welcomes Article 32 (3) of the Draft Bill because it will serve as the legal framework for BMAI.
Frans explained that he understands that OJK has the authority to supervise insurance businesses, However, he supports the establishment of BMAI as a self-regulated organization.
“We are an independent institution and could not be influenced by any parties, we are impartial and we defend justice,” concluded Frans.
(jt)
Fathan Qorib, IGAP Trisnajaya
In the recent meeting on the Draft Bill on Insurance (Draft Bill), the House of Representatives discussed Article 32 (3) of the Draft Bill, which stipulates provisions on Financial Services Authority’s (OJK) involvement with the insurance mediation institutions.
It is expected that this article will create a legal framework for regulating Indonesian Insurance Mediation Board (BMAI), which has been operating without such framework since its establishment in 2006.
BMAI itself functions as an independent mediator and arbitrator in resolving insurance claim disputes between insurance companies and their customers.
Dumoli Freddy Pardede, Deputy Commissioner of OJK on Supervision of Non-Bank Financial Industry II, stated that even though OJK would be involved in BMAI functions as part of the legal framework, it must remain independent.
As a result, BMAI should be a self-regulated organization when the Draft Bill passes. “[BMAI] must be independent,” stated Dumoli in a text message to hukumonline.
When contacted by hukumonline on Monday (4/3), Frans Lamury, Chairman of BMAI, stated that he welcomes Article 32 (3) of the Draft Bill because it will serve as the legal framework for BMAI.
Frans explained that he understands that OJK has the authority to supervise insurance businesses, However, he supports the establishment of BMAI as a self-regulated organization.
“We are an independent institution and could not be influenced by any parties, we are impartial and we defend justice,” concluded Frans.
(jt)