Understanding Insurance: A Comprehensive Overview
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Understanding Insurance: A Comprehensive Overview

ByADCO Law

What is Insurance? In general, insurance is a contractual arrangement between an individual or entity (the insured) and an insurance company (the insurer), whereby the insured pays a premium in exchange for financial protection against specified risks. Similarly, in Indonesia, Law Number 40 of 2014 concerning Insurance defines insurance as an agreement between an insurance…

Insurance Comparative Guidelines
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Insurance Comparative Guidelines

ByADCO Law

Dear Readers, In today’s rapidly evolving landscape, insurance has become essential to safeguard individuals and businesses against unforeseeable risks and uncertainties. Thus, it is crucial to have a comprehensive policy to mitigate such risks effectively. At ADCO Law, we recognize the importance of understanding the intricacies of insurance systems across various jurisdictions. Therefore, we are…

Insurance in the Philippines: Protected by Law, Secured by Choice
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Insurance in the Philippines: Protected by Law, Secured by Choice

ByADCO Law

Share this: Linkedin Link A. The Legal Framework Who is the insurance regulatory body in your country? Besides the regulatory body, are there any other associations overseeing the insurance industry in your country? What laws serve as the legal basis for insurance companies in your country? What penalties or sanctions are imposed on companies that…

Insurance in Japan: Fair, Transparent, and Reliable
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Insurance in Japan: Fair, Transparent, and Reliable

ByADCO Law

Share this: Linkedin Link A. The Legal Framework Who is the insurance regulatory body in your country? Besides the regulatory body, are there any other associations overseeing the insurance industry in your country? What laws serve as the legal basis for insurance companies in your country? What penalties or sanctions are imposed on companies that…

Insurance in Indonesia: Fortifying Futures for Indonesia’s Growth
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Insurance in Indonesia: Fortifying Futures for Indonesia’s Growth

ByADCO Law

Share this: Linkedin Link A. Legal Framework Who is the insurance regulatory body in your country? Besides the regulatory body, are there any other associations overseeing the insurance industry in your country? What laws serve as the legal basis for insurance companies in your country? What penalties or sanctions are imposed on companies that fail…