Regulatory Alerts2023-09-12
Added · Updated
Central Bank of Jordan Circular on Approved Professional Certifications for Insurance Agents
The Central Bank of Jordan decrees specific professional certifications required for licensing insurance agents under Law No. 12 of 2021. General insurance agents must hold CII or BIBF qualifications, while life insurance agents require ALMI or FLMI credentials from the Life Office Management Association. Agents in life annuities, investment-linked insurance, or collective pension fund management must possess FLMI, pass the Financial Advisor Securities and Exchange Commission examination, or complete CISI Institute Examinations. These provisions became effective on September 1, 2023.