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LPS Will Activate Insurance Policy Guarantee Program Starting in 2027
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LPS to Begin Protecting Insurance Policyholders in 2027 Through Policy Guarantee Program
The Deposit Insurance Corporation (LPS) will activate the Policy Guarantee Program (PPP) in 2027. This program is designed to protect the rights of insurance policyholders in the event of company failure. Hermawan Wibowo, LPS's Executive Director of Claims, Resolution, and Insurance Regulation, stated that the PPP activation is part of LPS's expanded mandate to protect financial consumers.
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