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Rabu, Desember 27, 2023

Types and Forms of Reports for Insurance Brokerage Companies, Reinsurance Brokerage Companies, and Insurance Loss Appraisal Companies Redefined

Non-Banking Financial Services

The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has issued Circular No. 21/SEOJK.05/2023 on the Amendment to Circular of the OJK No. 25/seojk.05/2020 on the Form and Structures of Periodic Report for Insurance Brokerage Companies, Reinsurance Brokerage Companies, and Insurance Loss Appraisal Companies ("Circular 25/2020"), which has been in force since 7 December 2023. At its core, the Amendment has redefined the types of report that must be submitted by said companies.
Report for insurance brokerage companies and reinsurance brokerage companies now comprises the following: 1) periodic report (i.e. quarterly, annually, and annual financial statement which has been audited by public accountant); and 2) non-periodic report (i.e. business plan and its realization report, business plan supervision report, appointment of public accountant, and realization of the use of public accountant services).
Report for insurance loss appraisal companies now comprises the following: 1) periodic report (i.e. annually and annual financial statement which has been audited by public accountant); and 2) non-periodic report (i.e. appointment of public accountant and its realization).
As for the form and structures, the formats have been provided under the Appendices to the Circular.

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The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has issued Circular No. 21/SEOJK.05/2023 on the Amendment to Circular of the OJK No. 25/seojk.05/2020 on the Form and Structures of Periodic Report for Insurance Brokerage Companies, Reinsurance Brokerage Companies, and Insurance Loss Appraisal Companies ("Circular 25/2020"), which has been in force since 7 December 2023. At its core, the Amendment has redefined the types of report that must be submitted by said companies.
Report for insurance brokerage companies and reinsurance brokerage companies now comprises the following: 1) periodic report (i.e. quarterly, annually, and annual financial statement which has been audited by public accountant); and 2) non-periodic report (i.e. business plan and its realization report, business plan supervision report, appointment of public accountant, and realization of the use of public accountant services).
Report for insurance loss appraisal companies now comprises the following: 1) periodic report (i.e. annually and annual financial statement which has been audited by public accountant); and 2) non-periodic report (i.e. appointment of public accountant and its realization).
As for the form and structures, the formats have been provided under the Appendices to the Circular.

......

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Precedent Hukumonline
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Semua Fitur Paket Standard
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Monthly Law Review (MLR)
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Indonesian Legal Brief (ILB)
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Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

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