Regulatory Alerts2023-05-22
Added · Updated
Draft Decision on Insurance Agent Business Statement Forms
The Central Bank of Jordan issued a draft decision on insurance agent business statement forms on May 9, 2023. This draft requires insurance agents to periodically submit specific forms to the Central Bank, detailing their general and life insurance agency business. The forms mandate reporting of total premiums, commission rates, commission values, paid compensations, and loss ratios for both current and comparative periods. Insurance agents are invited to provide feedback on the draft within two weeks of the letter's date.
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