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INDONESIAN FINANCE MINISTER REVOKES LICENSES OF 13 INSURERS.
JAKARTA, Oct 1 Asia Pulse - The finance minister has as of April 5, 2007, revoked the licenses of 13 companies engaged in insurance related businesses, an official said here on Friday.
Of the 13 companies, 11 had their licenses revoked because they had failed to improve their performance following warnings and sanctions from the government, and the remaining two were had their licenses revoked at their own request because they had stopped operating.
The 11 companies ...
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