Circular No. 742/2/10 regarding Insurance Instructions for Banking Insurance Activities

The Central Bank of Jordan mandates that banks must obtain its prior approval before submitting an application to the Insurance Commission for a license to conduct banking insurance activities. This requirement is based on Article 37(13) of the Banking Law No. 28 of 2000 and its amendments. The circular also attaches the Insurance Instructions for Banking Insurance Activities No. 1 of 2008, which were issued by the Insurance Commission and published in the Official Gazette.

Get CBJ alerts — same-day email on every new publication.

Form (1/0/0/11)

For the Central Insurance Liability

Central Bank of Jordan

Ref: 742/2/10
Date: 26/6/1429 AH
Date: 25/6/2008 AD

Greetings,

We attach herewith a copy of the "Instructions for Licensing Banking Insurance Activities and the Basis for Their Regulation and Supervision No. (1) of 2008", issued by the Insurance Commission and published in the Official Gazette in Issue (4907) dated 15/5/2008.

Based on the provisions of Article No. (37/13) of the Banking Law No. (28) of 2000 and its amendments, I emphasize the necessity of obtaining the prior approval of the Central Bank of Jordan before consulting the Insurance Commission to obtain the necessary license to practice banking insurance activities.

Please accept the highest respect,

Governor
Dr. Amieh Saleh Touqan

Attached

Amman - 11118 Jordan • Phone 301-463 • Telegrams COMBANK / AMMAN • Fax 4638889, 4639730, 4613308

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works