The Department of Finance (DoF) through the Head of the Capital Market Supervisory Agency and Financial Institutions (Bapepam- LK) has issued Insurance BusinessesRegulation No. 1on Guidelines for Handling Unsound Insurance and Reinsurance Companies. The Regulation is contained within Head of the Capital Market Supervisory Agency and Financial Institutions Decision No. Kep-12/BL/2006. The purpose of the Regulation is simple; to provide guidelines that will allow for consistent application of the rules and greater levels of transparency and legal certainty throughout the insurance industry.
Strengthening the Insurance Industry - Part of the Financial Sector Policy Package
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