Berlangganan Pro

Jumat, Januari 24, 2020 | Issue Number : 3794

Provisions on Foreign Ownership of Insurance-Related Companies Amended

ID Indonesian translation

In an effort to support and maintain the development of Indonesia’s insurance industry, while also taking domestic capital capacity into consideration, the government recently issued Regulation of the Government No. 3 of 2020 (“Amendment”) which is an amendment of Regulation of the Government No. 14 of 2018 on the Foreign Ownership of Insurance Companies[1] (“Regulation 14/2018”).[2] Several changes have now been introduced under the Amendment, specifically to foreign-ownership caps regarding:

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In an effort to support and maintain the development of Indonesia’s insurance industry, while also taking domestic capital capacity into consideration, the government recently issued Regulation of the Government No. 3 of 2020 (“Amendment”) which is an amendment of Regulation of the Government No. 14 of 2018 on the Foreign Ownership of Insurance Companies[1] (“Regulation 14/2018”).[2] Several changes have now been introduced under the Amendment, specifically to foreign-ownership caps regarding:

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

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Professional Solutions

University Solutions

Pro

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Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

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