THE PLACE OF MUTUAL INSURANCE IN THE DOMESTIC SYSTEM OF INSURANCE RELATIONS

2019 ◽  
Vol 4 (67) ◽  
pp. 62-66
Author(s):  
V. Yu. Shirshov
Keyword(s):  
2021 ◽  
Vol 3 (108) ◽  
pp. 26-41
Author(s):  
Beata Mrozowska - Bartkiewicz

A mutual insurance society is one of the basic forms of conducting insurance activity. It is characterized by a very wide range of options which its founders and subsequently entitled members have in order to choose the organizational and systemic model of operation, to change it in the course of business, to define the concept of membership, to create various categories of members and provide them with different rights and duties, to determine the powers of statutory bodies, and, above all, to apply the method of mutuality. The Insurance and Reinsurance Activity Act regulates the basic legal framework of mutual companies, while referring quite a number of issues to the Polish Commercial Partnerships and Companies Code. This does not alter the fundamental principle on which the company's activity is based, namely that its articles of association play an extremely important role, which is much greater than in the case of public limited liability companies, and that members of a mutual insurance society enjoy considerable freedom to conduct business and categorize its members, which is unparalleled for other legal forms of business activity.


2018 ◽  
Vol 1 (3) ◽  
pp. 196-216
Author(s):  
Afif Hanifah

This paper outlines international best practice in terms of the governance of mutual insurance companies, the key drivers of demutualisation and its implications. It examines demutualisation as a possible option for Indonesia’s AJB Bumiputera 1912, following its poor performance in recent years. It also provides relevant insight on governance issues and the demutualisation process within the context of the regulatory and supervisory framework for Indonesia Insurance Act No. 40/2014.Tulisan ini menguraikan praktik terbaik di dunia internasional dalam hal tata kelola perusahaan asuransi usaha bersama, factor-faktor apa saja yang dapat menjadi pendorong utama demutualisasi dan implikasinya yang dapat ditimbulkan dari kebijakan demutualisasi tersebut. Tulisan ini mengkaji demutualisasi sebagai pilihan yang mungkin untuk AJB Bumiputera 1912 di Indonesia, menyusul kinerjanya yang kurang baik dalam beberapa tahun terakhir. Tulisan ini juga memberikan wawasan yang relevan mengenai isu-isu tata kelola dan proses demutualisasi di Indonesia dalam kerangka peraturan dan pengawasan Undang-Undang No. 40 Tahun 2014 tentang Asuransi.


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