2025-11-24

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Central Bank of Jordan Renewal Requirements for Non-resident Reinsurance Brokers

The Central Bank of Jordan mandates non-resident reinsurance brokers to submit a written renewal request along with specific documentation, including proof of origin license, personnel details, and a 2025 business report. Applicants must provide a valid professional indemnity insurance policy covering Jordan or worldwide for 2026 and pay an annual fee of 200 JOD. The renewal process requires signed acknowledgments regarding the Insurance Regulatory Law No. 12 of 2021, conflict of interest declarations, and the appointment of a Personal Data Protection Officer compliant with Law No. 24 of 2023. All original documents must be submitted by November 27, 2025, to the Insurance Supervision Department.

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CENTRAL BANK OF JORDAN

البنك المركزي الأردني

Ref. No: 17/2/ 19344 Date: 20/11/2025 Hijri: 28/5/1447

M/S Non-resident reinsurance broker

Subject: Renewal requirements

Dear Sir,

In reference to the non-resident reinsurance broker approval renewal, you are kindly requested to provide us with the following: -

1- A written renewal request. 2- A proof of the validity of your license and a registration certificate from the country of origin approved as original. 3- A list of persons in charge of the reinsurance brokerage business along their qualifications and duties assigned to them. 4- Copy of the passport for all persons in charge of the reinsurance brokerage business. 5- A copy of the latest annual report with the financial statements. 6- A valid insurance policy covering professional indemnity liability of the reinsurance broker indicating that coverage include Jordan or worldwide for the upcoming year 2026. 7- A report of the reinsurance brokerage business conducted with the Jordanian insurance companies classified per class of insurance and per company during the year 2025 as per the attached form. 8- A list of insurance companies in Jordan that you will deal with during the upcoming year, and kind of risks that you will reinsure in Jordan. 9- Signed copy of the attached acknowledgment relating to Articles (19-22), (82/c), and (83/a) of Insurance Regulatory Law No. 12 of 2021 (Attached form CBJ/ISPs/F1/V1).


CENTRAL BANK OF JORDAN

البنك المركزي الأردني

10- Signed copy of the attached acknowledgment relating to Conflict of Interest (Attached form CBJ/ISPs/F2/V1). 11- A signed copy of the Personal Data Protection Officer appointed using the attached form, together with all relevant documents, in full compliance to the conditions and procedures stipulated in Article (11) of the Personal Data Protection Law No. (24) of 2023 and the provisions of Paragraph (d) of Article (3) of the Personal Data Protection Officer Accreditation Standards issued by the Personal Data Protection Council. 12- An undertaking to comply of the following matters subject to canceling the granted approval (Attached form): a. Notify Central Bank of Jordan immediately, if the Reinsurance Broker original license or registration is suspended or canceled or relocated, or any changes occurred on any of the data and information provided to Central bank of Jordan upon which his approval was granted, within a period not exceeding five working days as of the date of such change or modification. b. Provide Central Bank of Jordan, upon request, with any data, documents, information, statistics or reports concerning the applicant reinsurance brokerage business conducted with Jordanian insurance companies. c. Inform Central Bank of Jordan if the non-residence reinsurance broker assigns his reinsurance brokerage business to other person to be conducted on your behalf with Jordanian insurance companies. Noting that this may require approval from Central Bank of Jordan subject to related legislations. 13- A written declaration that states that all data and documents submitted to the Central Bank are correct. 14- Pay the annual fees of (200 JOD) to the following account number under the beneficiary name “Central Bank of Jordan”: Beneficiary Name: Central Bank of Jordan Beneficiary Address: Downtown-Amman-Jordan IBAN: JO92CBJO0010000000000160000040 Beneficiary Bank Name: Central Bank of Jordan Beneficiary Bank Address: Downtown-Amman-Jordan Swift / Fedwire (ABA): CBJOJOAX Bank transfer cost option: “OUR” – all charges to be paid by applicant


CENTRAL BANK OF JORDAN

البنك المركزي الأردني

Kindly send the originals of the required documents by the November 27th, 2025, to the following address: Central Bank of Jordan - Insurance Supervision Department, P.O.Box 37 Amman 11118 Jordan. Email address: Insurance.Supervision@cbj.gov.jo Should you have any question, please do not hesitate to send to the above mentioned email.

Sincerely,

Central Bank of Jordan


[Form Table Omitted - See PDF for visual layout]


[Form Table Omitted - See PDF for visual layout]


CENTRAL BANK OF JORDAN

البنك المركزي الأردني

أنموذج رقم (1-3)- كشف شركات التأمين التي تم التعامل معها بأعمال وساطة الإعادة

خلال الفترة من .................... ولغاية ....................

اسم وسيط التأمين: ....................................................................

شركة التأمينالدولة المرخصة بها شركة التأميننوع التأمين الذي تم التعامل به بأعمال وساطة الإعادة
insurance company the broker dealt withCountry where insurance co. is licencedType of insurance (Life/ General)
Life Insurance Licences / فروع أعمال التأمين على الحياة
General Insurance Licences / فروع أعمال التأمينات العامة
Life Insurance Classes / فروع أعمال التأمين على الحياة
General Insurance Licences / فروع أعمال التأمينات العامة
Life Insurance Classes / فروع أعمال التأمين على الحياة
General Insurance Licences / فروع أعمال التأمينات العامة
Life Insurance Classes / فروع أعمال التأمين على الحياة
General Insurance Licences / فروع أعمال التأمينات العامة

Comments: 1- The statement shall show all insurance companies the broker dealt with (whether licensed in Jordan or in other countries) regarding its reinsurance. 3- The statement shall be submitted for the period from the first of November of the previous year until the first of November of the current year.

ملاحظات: 1- يوضح الكشف كافة شركات التأمين (مرخصة لممارسة أعمال التأمين في المملكة أو مرخصة خارج المملكة) تم التعامل معها من قبل وسيط إعادة التأمين بخصوص ترتيبات إعادة التأمين لها. 2- يقدم الكشف عن الفترة من الأول من تشرين ثاني السنة السابقة ولغاية الأول من تشرين ثاني السنة الحالية.

Reinsurance broker: ____________________ Registration number at CBJ: ____________________ Date: ____________________ Signature: ____________________

اسم وسيط الإعادة: ____________________ رقم القيد: ____________________ التاريخ: ____________________ توقيع: ____________________

CBJ/Re-ins.Broker/F1-3/V1


CENTRAL BANK OF JORDAN

Form No. (1) Written Statement – Insurance service provider Reference to Articles (19-22), (82/c), and (83/a) of Insurance Regulatory Law No. 12 of 2021

I : .................................................................................................................... As applicant for licensing/licensing renewal/ licensed with the Central Bank of Jordan as: □ Insurance agent □ Insurance broker □ Reinsurance broker □ Loss adjustor □ Insurance Surveyor □ Insurance consultant □ Actuary

And/or □ Board member in my personal □ Board member as a representative of any shareholder □ Owner or partner □ Manager at insurance agent or insurance broker □ Employee at insurance agent or insurance broker Of Insurance service provider ....................................................................................

I declare that:

  1. A final court ruling has convicted me of a felony, or of a misdemeanor involving moral turpitude or a breach of trust. □ Yes □ No
  2. I’m still subject to insolvency procedures, or a bankruptcy judgment and has not been rehabilitated. □ Yes □ No
  3. Was responsible according to the CBJ Board’s estimation, for a material breach of any of the legislation provisions related to financial activities. □ Yes □ No
  4. Lost my membership in insurance company’ board of directors □ Yes, due to losing any of the conditions required for my membership in the board of directors of the insurance company. □ Yes, by decision of the Central bank of Jordan. □ No
  5. My license to practice the business of any insurance service provider has been revoked or suspended as a disciplinary penalty, or I have not fulfilled the conditions for re-licensing or registration from the entity that suspended or revoked the license. □ Yes □ No

I also undertake to notify the Central Bank of Jordan if any of the above matters are realized.

Signature: ____________________ Date: ____________________

CBJ/ISPs/F1/V1 1/1


CENTRAL BANK OF JORDAN

Form No. (2) Written Statement – Conflict of Interest Reference to Article (83/a) of Insurance Regulatory Law No. 12 of 2021

I : .................................................................................................................... As applicant for licensing/licensing renewal/ licensed with the Central Bank of Jordan □ Insurance agent □ Insurance broker □ Reinsurance broker □ Manager at insurance agent or insurance broker □ Employee at insurance agent or insurance broker, And/or □ Board member in my personal □ Board member as a representative of any shareholder □ Owner or partner Of insurance agent or broker or reinsurance broker ....................................................................................

I declare that:

  1. I am not a member of the board of directors of an insurance company in Jordan in my personal or as a representative of any shareholder, and I am not a senior employee of any insurance companies in Jordan or its external certified accountant, its legal consultant, its actuarial consultant, and the member of the Islamic Jurisprudence Supervision Board.
  2. I have no working, marriage or kinship relationship up to the third degree to persons referred to in point (1) above.

I also undertake to notify the Central Bank of Jordan if any of the above matters are realized.

Signature: ____________________

Date: ____________________

CBJ/ISPs/F2/V1 1/1


CENTRAL BANK OF JORDAN

البنك المركزي الأردني

نموذج طلب اعتماد مراقب حماية البيانات الشخصية

أولاً: بيانات المسؤول

اسم المسؤول (الشركة)
عنوان المركز الرئيسي
رقم الهاتف
البريد الإلكتروني

ثانياً: بيانات المراقب المطلوب اعتماده

الاسم الرباعي للمراقب
صفة المراقب (داخلي/خارجي)
الرقم الوطني
المسمى الوظيفي الحالي
الجهة ومكان العمل (المراقب الخارجي)
المؤهلات العلمية
الشهادات المهنية (إن وجدت)
الخبرات العملية
عنوان الإقامة
رقم الهاتف
البريد الإلكتروني

ثالثاً: المرفقات المطلوبة

  1. صورة عن بطاقة الأحوال المدنية.
  2. شهادة الخبرة العملية.
  3. شهادة عدم محكومية حديثة.
  4. صورة شخصية.
  5. السيرة الذاتية وشهادة بالمؤهلات العلمية.
  6. صورة عن الشهادات المهنية (إن وجدت).

صفحة ١ من ٢


CENTRAL BANK OF JORDAN

البنك المركزي الأردني

رابعاً: إقرار وتوقيع مقدم الطلب أقر أنا مقدم الطلب الموقع أدناه بصحة جميع البيانات والمعلومات والوثائق المرفقة، وأتحمل كامل المسؤولية في حال تبين عدم صحتها.

توقيع مقدم الطلب (المسؤول) وخاتمه: ____________________ تاريخ تقديم الطلب: ____________________

الشروط والمؤهلات الواجب توافرها في مراقب البيانات الشخصية

  1. أن يكون أردني الجنسية.
  2. أن يكون حسن السيرة والسلوك، وألا يكون قد سبق الحكم عليه بعقوبة جنائية أو بجريمة مخلة بالشرف والأمانة، ما لم يكن قد رد إليه اعتباره.
  3. أن يمتلك المعرفة المتخصصة بحماية البيانات.
  4. ألا يكون قد سبق فصله من عمله بسبب الإخلال بواجباته المتعلقة بحماية البيانات الشخصية بموجب حكم قضائي مكتسب الدرجة القطعية أو قرار تأديبي غير معترض عليه.

صفحة ٢ من ٢


Non-resident reinsurance broker Undertaking

We undertake to comply with the following matters subject to canceling the granted approval to transact with Jordanian insurance companies:

  1. Notify Central Bank of Jordan immediately, if our original license or registration is suspended or canceled or relocated, or any changes occurred on any of the data and information we have provided Central bank of Jordan with and upon which our approval was granted, within a period not exceeding five working days as of the date of such change or modification.
  2. Provide Central Bank of Jordan, upon request, with any data, documents, information, statistics or reports concerning our reinsurance brokerage business conducted with Jordanian insurance companies.
  3. Inform Central Bank of Jordan if we assign our reinsurance brokerage business to other person to be conducted on our behalf with Jordanian insurance companies. Noting that this may require approval from Central Bank Of Jordan subject to related legislations

Name: ____________________

Signature: ____________________

Date: ____________________