Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
The Government and the House of Representatives have agreed to form a Working Committee to revise Law No. 2 of 1992 on Insurance (Insurance Law). According to the Minister of Finance, Chatib Basri, the Insurance Law needs to be amended as it is no longer sufficient to accommodate recent changes and challenges both domestically and internationally.
“Pursuant to the findings of an academic paper on this issue, a Draft Bill on Insurance would include action to harmonize regulations and help the development of the insurance industry,” Chatib Basri explained at the House Secretariat in Jakarta on Monday.
The Minister informed attendees that several subjects have been listed on an Inventory List of Issues (Daftar Inventarisasi Masalah – DIM) for a Draft Bill on Insurance (Draft Bill). Some of the listed issues include scope of the insurance industry, harmonization with the Financial Service Authority (OJK), implementation of best practice standards, foreign ownership, capital matters, hybrid insurance products and insurance agency.
To discuss theseissues, the Government will invite the OJK and the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan) to a hearing session.
“Coordination with these institutions is crucial for the Draft Bill,” Chatib Basri added.
Chatib Basri also confirmed that the Committee will discuss the prevention of criminal offenses conducted through insurance such as money laundering, terrorism funding, and illegal monopolistic practices..
In discussing the Draft Bill with lawmakers, the Government will be represented by Bambang Brodjonegoro, Head of the Fiscal Policy Agency (Badan Kebijakan Fiskal), Andim Hadianto, expert staff on Macro Economics and International Finance, and Agus Badaruddin, Secretary General at the Ministry of Finance.
The Minister further said that delegations from other Government institutions will also take part such as a delegation from the Ministry of State Owned Enterprises (BUMN) and the Director General of Laws and Regulations at the Ministery of Law and Human Rights.
Harry Azhar Azis, Deputy Chairman of Commission XI at the House added that the Working Committee will consist of 25 legislators. Harry noted that 597 potential candidates have been listed, 556 who were recommended by the Government. At the moment, the House and Government have agreed on 308 members and the remaining 248 are still being discussed.
(hot/kc)\
Fathan Qorib, Robert Sidauruk
The Government and the House of Representatives have agreed to form a Working Committee to revise Law No. 2 of 1992 on Insurance (Insurance Law). According to the Minister of Finance, Chatib Basri, the Insurance Law needs to be amended as it is no longer sufficient to accommodate recent changes and challenges both domestically and internationally.
“Pursuant to the findings of an academic paper on this issue, a Draft Bill on Insurance would include action to harmonize regulations and help the development of the insurance industry,” Chatib Basri explained at the House Secretariat in Jakarta on Monday.
The Minister informed attendees that several subjects have been listed on an Inventory List of Issues (Daftar Inventarisasi Masalah – DIM) for a Draft Bill on Insurance (Draft Bill). Some of the listed issues include scope of the insurance industry, harmonization with the Financial Service Authority (OJK), implementation of best practice standards, foreign ownership, capital matters, hybrid insurance products and insurance agency.
To discuss theseissues, the Government will invite the OJK and the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan) to a hearing session.
“Coordination with these institutions is crucial for the Draft Bill,” Chatib Basri added.
Chatib Basri also confirmed that the Committee will discuss the prevention of criminal offenses conducted through insurance such as money laundering, terrorism funding, and illegal monopolistic practices..
In discussing the Draft Bill with lawmakers, the Government will be represented by Bambang Brodjonegoro, Head of the Fiscal Policy Agency (Badan Kebijakan Fiskal), Andim Hadianto, expert staff on Macro Economics and International Finance, and Agus Badaruddin, Secretary General at the Ministry of Finance.
The Minister further said that delegations from other Government institutions will also take part such as a delegation from the Ministry of State Owned Enterprises (BUMN) and the Director General of Laws and Regulations at the Ministery of Law and Human Rights.
Harry Azhar Azis, Deputy Chairman of Commission XI at the House added that the Working Committee will consist of 25 legislators. Harry noted that 597 potential candidates have been listed, 556 who were recommended by the Government. At the moment, the House and Government have agreed on 308 members and the remaining 248 are still being discussed.
(hot/kc)\