Regulatory Alerts2023-02-09
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Draft Decision on Insurance Broker Business Statement Forms
The Central Bank of Jordan has issued a draft decision on insurance broker business statement forms, dated February 9, 2023, for review by esteemed insurance brokers. The draft includes three forms: Form 1-1 for general insurance business, Form 1-2 for life insurance business, and Form 1-3 for a consolidated summary of brokerage business per insurance company. These forms require details such as the number of contracts, sum insured, basic premium, gross premium, commission rate, and total commissions for various insurance branches. Insurance brokers are invited to provide comments on the draft within two weeks from the letter's date.
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