Principles Of Appropriateness In The Indonesian Insurance Legal System: Study On Demutualization In The Globalization Flow.

Authors

  • Tuti RASTUTI Unviersity of Pasundan, Indonesia

DOI:

https://doi.org/10.38142/ijesss.v3i1.206

Keywords:

Proper Principle, Insurance System

Abstract

This study examines the application of the principle of decency in the insurance system. The research is descriptive-analytical, which describes the legal insurance system as an object regarding realizing consumer protection for the welfare of the people. The normative juridical approach using the theory of the welfare state, justice, and development law is used as a reference to examine the legal insurance system. The study results show that the application of the principle of propriety has only reached the level of legal substance, which is still chaos, while the other two elements, namely the legal structure and legal culture, are still far from the nature of the legal objectives. Therefore, the concept of the principle of propriety of Indonesian personality is proposed to actualize the legal values that live in society. Furthermore, insurance activities based on the principles of economic democracy are believed to foster public trust as social capital for the development of the insurance system.

Downloads

Download data is not yet available.

References

Mariam Darus Badrulzaman,The Civil Code Book III of the Law of Engagement with Explanations. Bandung: Alumni, 2006.

A. Farida, "Pancasila Legal Theory as a Convergence Synthesis of Legal Theories in Indonesia,"Perspective, vol. 21, No. 1, p. 60, 2016, doi:10.30742/perspektif.v21i1.176.

A. Ambrosino, M. Cedrini, and JB Davis, “The unity of science and the disunity of economics,”Cambridge J. Econ., vol. 45, No. 4, pp. 631–654, Jul. 2021, doi:10.1093/CJE/BEAB014.

D. Grijpstra, S. Broek, B.-J. Buiskool, and M. Plooij, “The role of mutual societies in the 21st century,” European, 2011. [Online]. Available: https:// www.europarl.europa.eu/document/activities/cont/201108/20110829 ATT25422/20110829ATT25422EN.pdf.

George Soros,The Crisis of Global Capitalism. New York: Public Affairs, 1998.

Sri Edi Swasono,Indonesia and the Welfare State Doctrine. Jakarta: PraKarsa Association, 2010.

Wiryono Prodjodikoro,Covenant Law Principles. Bandung: Bandung Well, 1993.

Laurence Koffman & Elizabeth Macdonald,The Law of Contract. New York: Oxford University Press, 2004.

Irvan Rahardjo,The Collapse of Our Insurance: Senjakala AJB Bumiputera 1912- Steep Road to Preserve the Nation's Heritage. Bogor: IPB Press, 2020

Constitutional Court,Constitutional Court Decision No. 32/PUU-XI/2013 concerning the Establishment of the Life Insurance Joint Venture Act. 2013, pp. 88–89.

I. Hariyani, “Restructuring Legal Studies of Ajb Bumiputera 1912 as a Mutual Company,”J. Huk. Ius Quia Iustum, vol. 24, No. 2, p. 322, 2017, doi:10.20885/iustum.vol24.iss2.art8.

G. and KLKI Joseph E Stiglitz (Translated: Ahmad Lukman, Globalization and its Discontents. Jakarta: Ina Publicatama, 2003.

SI Jenie, “Good Faith Development From Legal Principles to Special Legal Principles.” Gajah Mada University, Yogyakarta, p. 5, 2007, [Online]. Available: https://www.scribd.com/document/428375864/Prof-Siti-Ismijati- Jenie-Itikad-Baik-Perkembangan-Dari-Asas-Hukum-Umum-Menjadi-Asas- Hukum-Khusus-Guru-Big- Civil law.

N. Pramono,Bankruptcy Law and Pancasila Justice. Yogyakarta: Andi Offset, 2017.

S. Dahwal, "Business Ethics According to Islamic Law (A Normative Study)," Huk Supremacy., 2009.

NA Sinaga, “The Role of Covenant Law Principles in Realizing the Purpose of the Agreement,”Binamulia Huk., vol. 7, No. 2, pp. 107–120, 2018, doi:10.37893/jbh.v7i2.20.

Law No. 40 of 2014,RI Law No. 40 of 2014 concerning Insurance. 2014, pp. 1–46.

Financial Services Authority,Financial Services Authority Regulation Number 27/POJK.03/2016 Concerning the Fit and Proper Test for the Main Parties of Financial Services Institutions. 2016, p. Articles 4 & 5.

Republic of Indonesia,Law No. 40 of 2014 Insurance. 2014, p. Preamble.

R. Massey, J. Widdows, K. Bhattacharya, and R. Shaw, “Insurance Company Failure,” pp. 2–45, 2004, [Online]. Available: actuaries.org.

Robert Alexy, “Gustav Radbruch's Legal Concepts,” vol. 26, No. 1946, pp. 1– 11, 2015.[Republic of Indonesia, “The 1945 Constitution,” vol. 4, No. 1, pp. 1–12, 1945.

Jimly Asshiddiqie, “The Idea of the Indonesian Legal State.” [On line]. Available: https://pn-gunungsitoli.go.id/assets/image/files/ Konsep_Negara_Hukum_Indonesia.p df.

E. Ruslina,Indonesia's Economic Basis in Deviating the Mandate of the 1945 Constitution of the Republic of Indonesia, 1st ed. Yogyakarta: Total Media, 2013.

Satjipto Rahardjo,Building and Overhauling Indonesian Law. Yogyakarta: Genta Publishing, 2009.

TSZ Yusuf,Mohammad Hatta: People's Sovereignty and People's Economy. Yogyakarta: UST Press, 2016.

Herlien Budiono, “Harmonization of Law and Principles of the Covenant Law in Indonesia,”Maj. Huh. and Steward. Masy., vol. XXVI, p. 62, 1997.

Siti Malikhatun Badriyah, "Breeding of the Principles of Covenant Law in Leasing Agreements in Indonesia,"Yustisia, vol. 1, No. 2, p. 47, 2012.

Association Internationale des Societies, “Mutual Insurance: What is it? Whyuseit?,”2016.http://www.amiceeu.org/userfiles/file/AISAM_What_is_Mutuality_en.pdf.

R. (nd. Banham, “Mutual vs. Stock Insurance Companies,”Pros and Cons, 2016.https://www.massmutual.com/individuals/educational-articles/mutual-vs-stock-insurance-companies-pros-and-cons.

Hanifah, “Economic & Financial Studies The Governance and Demutualization of Mutual Insurance in Indonesia,” vol. 1, No. 3, p. 199, 2017

P. Sharma and M. Gupta, “Innovative Marketing Tools: A Case Study of IDFC Mutual Fund.,”J. Accounting, Bus. Manag., vol. 23, No. 2, pp. 61–68, 2016. [On line]. Available: http://search.ebscohost.com/login.aspx?direct=true&db=bsh&AN=1250298 90&site=ehost-live.

F. Desta Putra Widiyanto, "Legal Responsibilities of Insurance Agents Related to Fraud in Insurance Companies That Do Damage to Customers,"Veritas, vol. Vol. 7, No. No. 1, pp. 104–119, 2021.

Language Center, “Big Indonesian Language Dictionary (KBBI) Online.” Pusba, 2008, [Online]. Available: https://www.kamusbesar.com/mengemban.

J. Rawls,A Theory Of Justice. Yogyakarta: Student Library, 2006.

MN Asnawi, “Protection of Contract Law in Legal Perspective Contemporary Contracts,"Mass. Huh., vol. 46, No. 1, p. 55, 2018, doi:10.14710/mmh.46.1.2017.55-68.

M Natsir Asnawi, "Protection of Contract Law in the Perspective of Contemporary Contract Law,"Mass. - Mass. Huh., vol. 46, no. 1, p. 64, 2017.

George Soros,The Crisis of Global Capitalism: Open Society and the Threats Against It. Yogyakarta: Qalam, 2002

Downloads

Published

2022-03-31