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Calculation of Incentive Payments for Insurance Company Liquidation Teams

The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Circular on Guidelines for the Formulation of Work Plans and Budgets for Liquidation Fees, as Well as Payments of Reasonable Incentives to Liquidation Teams for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies (“ Circular 15/2018 ”).

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