Friday, February 03, 2017

Issue Number: 491

Financial Soundness and Good Corporate Governance for Insurance CompaniesXX

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Overview After discussing the basic provisions for the establishment, licensing and business activity of Conventional- and Sharia-Insurance Companies, this edition of Indonesian Law Digest (ILD) will continue to address the realms of insurance through a discussion of financial soundness and good corporate governance (“GCG”) for Conventional- and Sharia-Insurance and Reinsurance Companies. Requirements relating to financial soundness levels and the implementation of GCG are both mandated under Law No. 40 of 2014 on Insurance (“Insurance Law”)....
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