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All Journal Andalas Law Journal
Sitorus, Deni Hendra
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Law, Crime, Criminology & Criminal Justice

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The Evolving Role of the Deposit Insurance Corporation in Indonesia's Insurance Sector Sitorus, Deni Hendra; Utama, Nanda; Almaududi, Almaududi
Andalas Law Journal Vol 9 No 1 (2024)
Publisher : Program Studi Magister Kenotariatan Fak. Hukum Univ. Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/alj.v9i1.77

Abstract

The Deposit Insurance Corporation (DIC) in Indonesia has expanded its role to guarantee insurance policies under Law Number 4 of 2023. This study examines the DIC's new responsibilities, including regulator, reinsurer, liquidator, risk mitigator, and creditor, and their legal implications. The research highlights potential legal gaps and uncertainties arising from this expanded role, offering valuable insights for policymakers and practitioners. The method used in this research is normative juridical using a statutory regulation approach. The results of this research show that DIC as an insurance policy guarantor has several positions, namely as regulator, Reinsurer, Liquidator, GMS, and Creditor.
Co-Authors Almaududi, Almaududi Utama, Nanda