T The revocation of an insurance company\\\'s business license by the financial services authority (ojk) is an administrative sanction aimed at protecting policyholders, but in practice it often causes problems in fulfilling customer rights. the case of the revocation of the business license of p.t. asuransi jiwa kresna life shows a delay in payment of claims to policyholders. the problem of this research is whether the ojk\\\'s action in revoking the business license of p.t. asuransi jiwa kresna life is in accordance with pojk 17/pojk.05/2017? and whether legal protection for policyholders upon the revocation of the business license of p.t. asuransi jiwa kresna life is in accordance with pojk no. 17/pojk.05/2017? the research method used is normative legal research, descriptive analytical, sourced from secondary data supported by primary data then analyzed qualitatively so that deductive conclusions can be drawn. the conclusion of this research is in accordance with pojk no. 17/pojk.05/2017 because it is considered to violate formal procedures, as stated in the provisions of article 8 paragraph (1) letters c and d of pojk no. 17/pojk.05/2017 concerning procedures for imposing administrative sanctions on financial services business actors in the non-bank financial services sector. legal protection for policyholders is not in accordance with the provisions of pojk number 17/pojk.05/2017, because in practice the revocation of business permits actually causes losses and uncertainty for policyholders.