Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


Unjust restructuring process of state-owned insurance company; case study PT asuransi jiwasraya (persero)

Author(s): Gunawan Widjaja

The issues on PT Asuransi Jiwasraya (Persero), an insurance corporation established and fully owned by the Government of the Republic of Indonesia had not been over yet. After the corruption court decision over several persons that we're held responsible for the loss of the Company, many issues were raised further. One of the issues is about the right of the insurance policyholders. This research aims to explore that there is an unjust restructuring toward policyholders. This is normative legal research with a case approach that aims for a solution. Data used in the research are secondary data, which consists of primary legal sources, secondary legal sources, and tertiary legal sources. Analysis was conducted using a qualitative approach. Findings and discussions proved that in conducting the restructuring of the Company, the Government of the Republic of Indonesia as the only shareholder of the Company does not consider the interest of the policyholders, and in some ways has breached the regulations to protect the policyholders, that were issued by the Government itself.

Get the App