Central Bank of Jordan Directive on Collection of Annual Fees from Insurance Service Providers

In the Name of Allah, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Number: 15869 / 2 / 17 Date: 25 / 5 / 1445 AH Corresponding to: 10 / 9 / 2023 AD

Dear Insurance Service Providers,

Subject: Collection of Annual Fees from Insurance Service Providers

Based on the provisions of paragraph (b) of Article (109) of the Insurance Activities Regulation Law No. (12) of 2021, and the provisions of Articles (13), (14), and (15) of the Insurance Activities Fees System No. (18) of 2022, I hereby decide the following:

1. Insurance service providers - excluding insurance brokers - must pay the annual fee due to them into the Central Bank accounts (Attachment 1) when submitting a request for license renewal or approval renewal, as appropriate.
2. Insurance brokers must pay the annual fee due to them into the Central Bank accounts (Attachment 1) during the month of March of each year.
3. An insurance broker who has not paid the annual fees during the year 2023 is granted a maximum deadline of December 31, 2023, to settle those fees.
4. Insurance service providers must notify the Central Bank after each deposit made regarding the annual fee.
5. If a license application is submitted during the calendar year, the annual fee for the full year must be collected in addition to the license application and issuance fees, and the applicant is obliged to pay the annual fees before the issuance of the final approval for the license.
6. If a re-registration application is submitted during the calendar year, the annual fee for the full year must be collected, and the applicant is obliged to pay the annual fees upon submitting the re-registration application.
7. Circular No. 5847/3/17 dated 4 / 4 / 2022 is repealed.
8. The provisions of this decision shall be effective as of September 1, 2023.

Please accept our highest regards,

The Governor
Dr. Adel Al-Sharkas

Attachment/
Copy to: Dear Insurance Companies Dear Jordanian Association of Insurance Brokers

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[Logo of the Central Bank of Jordan] Attachment (1) Containing Central Bank Account Numbers

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[Logo of the Central Bank of Jordan] International Bank Account Number

33 \ 6000 \ 1
Account Number
Revenue from Natural Production Broker Account Name

JO87 CBJO 0010 0000 0000 0160 0000 33

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[Logo of the Central Bank of Jordan] International Bank Account Number

34 \ 6000 \ 1
Account Number
Revenue from Virtual Production Broker Account Name

JO60 CBJO 0010 0000 0000 0160 0000 34

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[Logo of the Central Bank of Jordan] International Bank Account Number

35 \ 6000 \ 1
Account Number
Revenue from Natural Issuance Broker Account Name

JO33 CBJO 0010 0000 0000 0160 0000 35

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[Logo of the Central Bank of Jordan] International Bank Account Number

36 \ 6000 \ 1
Account Number
Revenue from Virtual Issuance Broker Account Name

JO06 CBJO 0010 0000 0000 0160 0000 36

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[Logo of the Central Bank of Jordan] International Bank Account Number

37 \ 6000 \ 1
Account Number
Revenue from Natural Broker Account Name

JO76 CBJO 0010 0000 0000 0160 0000 37

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[Logo of the Central Bank of Jordan] International Bank Account Number

38 \ 6000 \ 1
Account Number
Revenue from Virtual Broker Account Name

JO49 CBJO 0010 0000 0000 0160 0000 38

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[Logo of the Central Bank of Jordan] International Bank Account Number

39 \ 6000 \ 1
Account Number
Revenue from Natural Reinsurance Broker Account Name

JO22 CBJO 0010 0000 0000 0160 0000 39

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[Logo of the Central Bank of Jordan] International Bank Account Number

40 \ 6000 \ 1
Account Number
Revenue from Virtual Reinsurance Broker Account Name

JO92 CBJO 0010 0000 0000 0160 0000 40

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[Logo of the Central Bank of Jordan] International Bank Account Number

41 \ 6000 \ 1
Account Number
Revenue from Natural Consultant Account Name

JO65 CBJO 0010 0000 0000 0160 0000 41

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[Logo of the Central Bank of Jordan] International Bank Account Number

42 \ 6000 \ 1
Account Number
Revenue from Virtual Consultant Account Name

JO38 CBJO 0010 0000 0000 0160 0000 42

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[Logo of the Central Bank of Jordan] International Bank Account Number

43 \ 6000 \ 1
Account Number
Revenue from Natural Loss Adjuster Account Name

JO11 CBJO 0010 0000 0000 0160 0000 43

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[Logo of the Central Bank of Jordan] International Bank Account Number

44 \ 6000 \ 1
Account Number
Revenue from Virtual Loss Adjuster Account Name

JO81 CBJO 0010 0000 0000 0160 0000 44

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[Logo of the Central Bank of Jordan] International Bank Account Number

45 \ 6000 \ 1
Account Number
Revenue from Natural Surveyor Account Name

JO54 CBJO 0010 0000 0000 0160 0000 45

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[Logo of the Central Bank of Jordan] International Bank Account Number

46 \ 6000 \ 1
Account Number
Revenue from Virtual Surveyor Account Name

JO27 CBJO 0010 0000 0000 0160 0000 46

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[Logo of the Central Bank of Jordan] International Bank Account Number

47 \ 6000 \ 1
Account Number
Revenue from Underwriting Agent Account Name

JO97 CBJO 0010 0000 0000 0160 0000 47

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[Logo of the Central Bank of Jordan] International Bank Account Number

31 \ 6000 \ 1
Account Number
Revenue from Natural Actuary Account Name

JO44 CBJO 0010 0000 0000 0160 0000 31

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[Logo of the Central Bank of Jordan] International Bank Account Number

32 \ 6000 \ 1
Account Number
Revenue from Virtual Actuary Account Name

JO17 CBJO 0010 0000 0000 0160 0000 32

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[Logo of the Central Bank of Jordan] International Bank Account Number

48 \ 6000 \ 1
Account Number
Revenue from Banks Engaged in Banking Insurance Activities Account Name

JO70 CBJO 0010 0000 0000 0160 0000 48

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[Logo of the Central Bank of Jordan] International Bank Account Number

49 \ 6000 \ 1
Account Number
Revenue from Insurance Activities Management Companies of All Types Account Name

JO43 CBJO 0010 0000 0000 0160 0000 49