DUE TO THE LEGAL TERMINATION OF MOTOR VEHICLE INSURANCE AGAINST THE INSURANCED HIMALAYA INSURANCE COMPANY IN BENGKULU CITY

Abstract

The purpose of this study is to examine the basis for termination of coverage at the
Himalayan Insurance Company for the coverage of four-wheeled motor vehicles
(cars) against the Insured, and the rights of the Insured in terminating the coverage
of four-wheeled motor vehicles (cars) carried out by Himalayan Insurance
Companies. The results showed that (1) Central Hilmalaya Insurance with the
Consumer Finance Company PT. Oto Multiartha Pusat cooperates in insuring
motor vehicles whose four-wheeled motor vehicles (cars) are financed by the
Consumer Finance Company PT. Oto Multiartha as a Financing Institution.
Hilmalaya Insurance Company in Bengkulu City as the Insurer and the Consumer
Finance Company PT. Oto Multiartha Bengkulu Branch as the Insured Party, both
parties are bound by a Motor Vehicle insurance agreement. This Insurance
Agreement is executed by the Consumer Finance Company PT. Oto Multiartha as
the Insured can transfer the risk of the four-wheeled motorized vehicle (car) it
finances if the Consumer has not paid off the credit. (2) The Insured's right to
terminate the insurance for motor vehicles (cars) carried out by Himalaya
Insurance Company against the Consumer Finance Company PT. Oto Multiartha
must comply with the agreement made between the two parties and not conflict
with the Standard Motor Vehicle Insurance Policy. There are two types of rights
obtained by the Insured, namely: a. The insured is entitled to receive the remaining
premium by means of prorated calculation by the insurer, b. The Insured is still
entitled to transfer the risk of the object of the motor vehicle (car) to the Insurance
company as long as the period has not expired. The insured only gets one of the 2
kinds of rights above