Browsing: TPL Insurance

The Financial Services Authority (OJK) has clarified that the implementation of mandatory vehicle insurance in Indonesia, initially slated for January 2025, is pending the issuance of government regulations. The specific start date and other details are still being drafted.

The Financial Services Authority (OJK) has postponed the implementation of mandatory third-party liability (TPL) insurance for vehicles, awaiting a supporting government regulation. The program is outlined in Law No. 4 of 2023.