Andalas Law Journal
Vol 9 No 1 (2024)

The Evolving Role of the Deposit Insurance Corporation in Indonesia's Insurance Sector

Sitorus, Deni Hendra (Unknown)
Utama, Nanda (Unknown)
Almaududi, Almaududi (Unknown)

Article Info

Publish Date
30 Jun 2024

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.

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Journal Info
Andalas Law Journal
Website

Abbrev

alj

Publisher

Universitas Andalas

Subject

Law, Crime, Criminology & Criminal Justice

Description

The scope of the articles published in this journal deals with a broad range of topics in the fields of Criminal Law, Civil Law, International Law, Constitutional Law, Administrative Law, Islamic Law, Economic Law, Medical Law, Adat Law, Environmental Law and another section related contemporary ...