Insurable interest in Indonesia's legal perspective

Purpose - This study aims to determine the relationship of lease practices, the parties to the damage or loss of leased vehicles, and legal effort to the loss or damage of vehicles leased in accordance with Civil Code. Given the insurance risk transfer lies in a concept called insurable interest.M...

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Bibliographic Details
Main Author: Sukmana, Hendra
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
Online Access:http://repo.uum.edu.my/24562/1/SICONSEM%202017%20107%20108.pdf
http://repo.uum.edu.my/24562/
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Summary:Purpose - This study aims to determine the relationship of lease practices, the parties to the damage or loss of leased vehicles, and legal effort to the loss or damage of vehicles leased in accordance with Civil Code. Given the insurance risk transfer lies in a concept called insurable interest.Methodology - The research method used normative juridical with qualitative approach. The data collected are sourced from the primary and secondary data, that is in the form of legislation and literature review in accordance with problem context.Findings - Research result indicates that motor vehicle lease agreement can apply the provisions of article 1548 Civil Code, in Civil Code contain some elements of lease as an agreement, there are parties who bind themselves, the one giving a pleasure to a goods to other during a certain time by paying a price that the other party can afford.It is in case of insurable interest, then the insured (tolerant polis) will suffer a loss on insured object.