<![CDATA[This study aims to analyze the forms and effectiveness of legal protection for policyholders of PT Asuransi Jiwa Kresna (Kresna Life) following Supreme Court Decision Number 140/K/TUN/2025, which declared the revocation of the company’s business license by the supervisory authority to be lawful. The research employs a normative legal research method using statutory, case, and conceptual approaches, through the analysis of primary, secondary, and tertiary legal materials. The findings indicate that, normatively, the insurance legal system has positioned policyholders as protected legal subjects and has legitimized the revocation of business licenses as a measure to safeguard the public interest. However, post–final and binding judgment, legal protection tends to be procedural in nature through liquidation mechanisms and has not fully guaranteed the substantive recovery of policyholders’ rights due to the company’s limited assets and the absence of effective guarantee instruments. This condition underscores a gap between the normative guarantees of legal protection and the reality of fulfilling policyholders’ rights. This study provides a critical evaluation of the effectiveness of legal protection for policyholders following the revocation of an insurance company's business license.Keywords: legal protection; policyholders; insurance]]>
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