Chairman of BAPEPAM-LK Ahmad Fuad Rachmany said, capital of the insurance company in Indonesia at this time was very barely adequate (limited) so as always more uncompetitive with the foreign insurance company. “Until now our insurance company the capital was” barely adequate”, therefore always more uncompetitive by the foreign insurance,” said Fuad Rahmany in the socialization of regulations of BAPEPAM-LK about the funding company in the Dhanapala Building of Jakarta (Department of Finance Republic of Indonesia), on Thursday (24/7).

Responded to the existence of the objection about the minimal capital rule for the insurance company, Fuad said, the government made the rule precisely push the growth of the insurance industry. “The insurance must have strong capital so that he could grow, would until now our insurance company the capital was barely adequate, therefore he always more uncompetitive by the foreign insurance,” he stressed. BAPEPAM-LK maintained minimal capital of the end insurance company 2008 as big as Rp40 billion, in 2009 minimal Rp75 billion, and in 2010 minimal Rp100 billion.
In the meantime, concerning the development of the funding company of Islamic Law Basic (Syariah), Fuad said, with the existence of several rules just was hoped for would even more companies that asked permission to open the funding company of Syariah. “I was convinced, with the existence of several government regulations (PP) in the funding field” of “Syariah, the funding company” of “Syariah could develop,” he said.

Concerning the fit existence obligation and proper test for the management and the commissioner of the funding company, Fuad said, the development at this time demanded the existence of the management and the commissioner who were appropriate and appropriate as well as behavior good. “If for example to not pass, possibly same like in the insurance, still was given by the opportunity a year again to study.” So he was still having the opportunity, he said. (mediaindonesia)