Document background
The Insurance Declaration Form is a fundamental document in Indonesian insurance practice, required under Law No. 40 of 2014 on Insurance and related OJK regulations. This form must be completed at the initiation of any insurance policy in Indonesia, serving as the basis for the insurance contract. It captures critical information about the policyholder, the subject matter of insurance, and relevant risk factors, forming the foundation for the insurer's risk assessment and policy terms. The document ensures compliance with regulatory requirements while protecting both the insurer's and policyholder's interests through proper disclosure. The form is designed to meet strict regulatory standards, including consumer protection requirements and anti-money laundering provisions, making it essential for all insurance transactions in Indonesia.
