As initially mandated under Regulation of the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) No. 23/POJK.05/2015 on Insurance Products and the Marketing of Insurance Products, the OJK recently issued Circular No. 19/SEOJK.05/2020 on Marketing Channels for Insurance Products (“ Circular 19/2020 ”), which sets out a number of specific provisions that address various insurance-product marketing mechanisms. The aforementioned provisions cover the following areas:
OJK Introduces New Provisions on Marketing Channels for Insurance Products
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