
Govt Issues Regulation on Foreign Insurance Companies
President Joko “Jokowi” Widodo on 17 April 2018 signed Government Regulation Number 14 of 2018 on Foreign Ownership of Insurance Companies to implement the provisions of Article 7 paragraph (3) of Law Number 40 of 2014 on Insurance. The Regulation stipulates that Insurance Company shall only be owned by: a. Indonesian citizen and/or Indonesian legal […]