Finance
Nature of
insurance business requires a large money infestations. Sources of funds –
funds of insurance companies to pay for the losses of the loss was from the
capital has been paid up, surplus and premiums have been paid in advance for
services – services that implemented. Good business management wants funds –
these funds on invested wisely. People-people who are experts in the
analysis of infestations is essential for operation insurance companies.
Insurance is a very important financial institutions and thus has great
influence on the economy.
Government
Oversight
The
insurance business was held to "safeguard the interests of the
community", and therefore more in watch this Government than ordinary
companies. Almost all aspects of the business set, including organization and liquidation. The Government set standards – standards for conditions –
condition the policy, tariffs, cost restrictions, assessment active and passive
infestations of funds – funds, and terms – these terms for sales representative
(sales representatives). In certain insurance regulations more complete than in
other insurance.
THE FIELD OF
INSURANCE
Regarding
the insurance field in Indonesia, the book of law – law of Commerce, article 247
reads as follows:
Coverage were among others can be of fire hazard, the danger which threatens the results
– the results of the farm that has not harvested the soul of one or several
people, of the dangers of the sea and slavery, the danger which threatens transport on land, in rivers, and in the waters of the land.
Insurance
can be divided into several branches that stand alone. The most common of these
is as between private insurance and government insurance. Two broad
classifications could then be in for – for more.
Private
Insurance
Traditionally,
private insurers are divided into three groups, namely: life insurance, fire
insurance and the sea, and accident insurance and guarantees (surety &
casualty). In general one insurance company just obtained a business license
for a class of insurance only. So the insurance company should not initiate the
insurance of property. Fire insurance and the sea must not be engaged in the
insurance field including accident insurance and assurances should not be
entered into the business which belong to the field of insurance to the burnt offering and
the sea.
The field of
life insurance include, among others, life insurance, health insurance,
annuitet. The field of marine and fire insurance covers among other things:
fire insurance (including storms, explosions, rah-rah and the ruckus society,
damage by flying boats or vehicles); vandalism and crime; water damage;
sprinkler pipe leaks; the earthquake; marine insurance (charges, rent boats and
ship agency); and physical damage airplanes and cars. The field of accident
insurance and guarantees, among others, is public liability insurance, workers
compensation, liability, theft car, fidelity, insurance,
warranties, credit insurance, insurance, insurance of property and livestock.
Life
Insurance
Life
insurance consists of three types of insurance i.e. life insurance, health
insurance and annuitet. Life insurance provides a cash at the time of death of
the insured for the cost of burial and to continue an income for the heir. annuitet is the opposite of life insurance in the event of a his melted
of
wealth according to an arrangement where the annuitant (annuitet holders) is
guaranteed to earn as long as he is alive. Health insurance provides money to payer – the treatment and hospital expenses incurred due to accidents or
illness and protect the insured against losses due to living with disabilities.
Insurance Of
Property
Indeed all insurance can be said to be insurance treasures. In buying insurance, the
buyer protects itself against loss of property which has been gathered
(capital) or loss of property that may occur in the future (income). Technically,
however, for the purpose of grouping, when losses arising due to reasons which
are not the soul, disability, or death, must be insured in the insurance
company property
Property
insurance can be divided into four kinds: damage or loss insurance, liability
insurance, health insurance, and insurance guarantees.
Insurance
for damage or loss of the goods is intended to protect the insured against loss
and damage to his or herself. An example is fires, storms, theft and insurance.
Liability
insurance or liability meant to protect the insured against third-party claims
or receivables against it because the wound body or damage to property that
occurred because of negligence or because of the application of the law or the
contract. An example of this type of closure is car liability insurance,
workers compensation.
Contractual Responsibility.
Health insurance is meant to protect the insured against the burden of cost – the
cost of treatment and hospital care and loss of income due to accident or illness.
accidents, illness and pain is an example home opname – an example of this type
of insurance.
Insurance
guarantee (suretyship) tool is a party with an offer to the other party a top
finance guarantee their honesty or his achievements under a contract or
agreement. An example of this type of insurance is insurance of construction
and insurance, fidelity bond guarantee (fidelity, construction, and bail
bonds).
Government
insurance
Government
insurance consists of insurance willing and compulsory insurance
Voluntary
insurance include, among others, crop insurance, insurance of deposits,
insurance, savings and loans, mortgages and insurance as well as insurance of
loans for the improvement of property remains.
Compulsory
insurance is insurance that requires communities to enter and usually called
social insurance or social insurance welfare. This insurance provides
dependent on participants who died and at the participant's own due to
disability or retirement. There is also the workers compensation insurance
required for employers – employers. This includes the social insurance unemployment insurance.
Social
insurance in Indonesia were held based on Government Regulation No. 33 in 1977
and law – law on accident in 1947. Its implementation is public enterprise Astek (public
enterprise social insurance labor) and public enterprise Taspen (public savings insurance
company civil servants).
With the law
– Law No. 33/1964 the Government of Indonesia to hold a compulsory accident
insurance protection fund. Legislation – this law obliges every public motor
vehicle passenger routes out of town pay dues every time travel. Act – this Act
is exercised by Government Regulation No. 17/1965. Subsequently issued also a
law – Law No. 34/1964 concerning traffic accidents Fund conducted with PP No.
18/1965. The second act – this government laws and regulations implemented by
the Jasa Raharja.
