Legal Protection of Mutual Insurance Policyholders in the State of Default
- DOI
- 10.2991/assehr.k.211203.046How to use a DOI?
- Keywords
- Legal protection; Joint Business; Policyholder
- Abstract
This research is motivated by the researcher’s confusion as a party who explores the company’s legal issues, especially those concerning insurance companies. In general, the legal entity for each insurance company in Indonesia is a limited liability company or at least a cooperative legal entity. However, this is contrary to the Bumiputra Joint Life Insurance Company 1912, which became a mutual business entity. A mutual insurance company is a company that places the policyholders as well as the owner. The mutual insurance company AJB Bumiputra 1912 is currently experiencing a default, where almost all policyholders in Indonesia are experiencing obstacles to obtaining their rights as the insured party. Policyholders never know that they are all owners of the company. The management of AJB Bumiputra 1912 in the form of a Mutual Legal Entity is unknown in Indonesian legal institutions, even though AJB Bumiputra 1912 was established before Indonesia’s independence. This research is normative legal research that examines and analyses in depth the position of the policyholder as the insured and at the same time as the owner of the company in the event of a default, by using a statutory approach, especially those that regulate the existence of AJB Bumiputra 1912 as an insurance company in the form of a mutual business. This can be seen from the failure to follow up on the decision of the Constitutional Court Number 32/PUU-XVIII/2020 dated January 14, 2021, which ordered the government to immediately issue a law on this joint venture (mutual); Legal materials were collected using documentation and recording techniques, then analyzed with interpretation and qualitative techniques, with the output target being the design of the concept of the policyholder’s responsibility as the insured and at the same time as the owner of the company in the event of a default.
- Copyright
- © 2021 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - I Nyoman Sujana PY - 2021 DA - 2021/12/03 TI - Legal Protection of Mutual Insurance Policyholders in the State of Default BT - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021) PB - Atlantis Press SP - 207 EP - 210 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.211203.046 DO - 10.2991/assehr.k.211203.046 ID - Sujana2021 ER -