Document background
The Policy Termination Letter is a crucial document used in Indonesian business practice to formally end policy arrangements across various sectors. It serves as an official record of policy termination and outlines the terms under which the termination takes place. This document is essential when companies or individuals need to terminate insurance policies, corporate policies, or service agreements in compliance with Indonesian law. The letter must adhere to specific requirements under the Indonesian Civil Code (KUH Perdata) and relevant sector regulations, particularly regarding notice periods and communication requirements. It typically includes policy details, termination date, reasons for termination, remaining obligations, and next steps for all parties involved.
