P-ISSN: 1412-6834 E-ISSN: 2550-0090 Volume 11, Issue 01, 2020, pp. 95-104 95 Article History Submitted 2 January 2020 - Revision Required 6 February 2020 - Accepted 15 May 2020 License Revocation of Insurance Companies and Legal Protections of the Policyholders Ayup Suran Ningsih 1 1 Faculty of Law, Universitas Negeri Semarang, Indonesia ayuupp@gmail.com Abstract Introduction to The Problem: Revocation of insurance company business licenses certainly has an effect on the insured as consumers who must be protected. In this case, OJK oversees the flow of revocation of business licenses, which requires insurance companies to report settlement of corporate obligations. Purpose/Objective Study: This research discussed the types of license revocation of the insurance companies and legal protections of the policyholders when this revocation happened. Design/Methodology/Approach: This study is a qualitative one, which uses a normative juridical method. It approached by the juridical research that uses primary data in the form of Acts or Regulations. Findings: The types of business license revocation of insurance companies are divided into 4, namely: (1) cancellation of business licenses due to administrative sanctions that are gradually applied; (2) revocation of business licenses due to company requests; (3) dismissal of business licenses due to bankruptcy, and; (4) revocation of business licenses due to the merging or business combination. The respective procedures are governed by the relevant OJK Regulations. The repeal of insurance company business licenses certainly has an effect on the insured as consumers who must be protected. In this case, OJK oversees the flow of revocation of business licenses, which requires insurance companies to report settlement of corporate obligations. Paper Type: Research Article Keywords: Business License; Revocation; Insurance Company, Policyholders Introduction In this modern world, people tend to avoid risky things in their life, such as uncertain conditions (evenemen). The threat can occur to anyone because it is placed side by side in daily human activities. It has a speculative nature that is the possibility of losses and gains (Disemadi & Prananingtyas, 2019). The existence of insurance is one of the applications to overcome the uncertain circumstances that lead to damages. It is an agreement between two parties; both are the insurance company and the policyholder. The contract is giving premiums to the insurance company and providing compensation to the insured because of certain losses due to the uncertain event (Hartono, 1997).