Regulatory Alerts2023-05-22
Added · Updated
Draft Decision on Insurance Agent Business Statement Models
The Central Bank of Jordan issued a draft decision requiring insurance companies to submit specific business statement models for their agents. The document defines four standardized forms for reporting general and life insurance agency business, including metrics such as total premiums, commission rates, and loss ratios. Insurance companies are requested to review the enclosed forms and provide comments within two weeks of the letter dated May 9, 2023.
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