Regulatory Alerts2023-04-09
Added · Updated
Draft Decision on Models of Statements of Activities for Banks Licensed to Conduct Bancassurance Activities
The Central Bank of Jordan issues a draft decision containing reporting templates for banks licensed to conduct bancassurance activities, inviting licensed banks and insurance companies to submit comments within two weeks. The document specifies two forms: one for general insurance activities and another for life insurance activities, requiring details such as branch, insurance amount, basic premium, total premiums, and total commissions for current and comparative periods.
In the name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
No.: 114 / 1 / 8609 Date: 19 / 9 / 1444 AH Corresponding to: 9 / 4 / 2023 AD
To the Licensed Banks Practicing Bancassurance Activities,
Subject: Draft Decision on Models of Statements of Activities for Banks Licensed to Conduct Bancassurance Activities
Greetings,
Attached is the draft decision on models of statements of activities for banks licensed to conduct bancassurance activities, for your kind review and to provide us with your comments - if any - within two weeks from the date of this letter.
Please accept our highest respect.
Governor Dr. Adel Al-Sharkas
Enclosure/ Copy/ To the Esteemed Insurance Companies
Form (12/12-14) P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo
Form No. (1) - Statement of Activities Conducted by the Bank on Behalf of the Insurance Company General Insurance Activities
Bank Name: ........ Registration No.: ........ Insurance Company Name: ........ Quarter: ........ for the year ........
| Branches | Insurance Amount | Basic Premium | Current Period (Total Premium) | Current Period (Total Commissions) | Comparative Period from Previous Year (Total Premium) | Comparative Period from Previous Year (Total Commissions) |
|---|---|---|---|---|---|---|
| Accident Insurance | ||||||
| Motor Vehicle Insurance | ||||||
| Railway Rolling Stock and Buses Insurance | ||||||
| Aircraft Insurance | ||||||
| Marine Insurance | ||||||
| Cargo in Transit Insurance | ||||||
| Fire and Natural Perils Insurance | ||||||
| Other Property Damage Insurance | ||||||
| Motor Vehicle Liability Insurance | ||||||
| Aircraft Liability Insurance | ||||||
| Marine Liability Insurance | ||||||
| General Liability Insurance | ||||||
| Credit Insurance | ||||||
| Various Financial Loss Insurance | ||||||
| Legal Expenses Insurance | ||||||
| Assistance Insurance | ||||||
| Total |
Bank Signature and Stamp Date:
CBJ/Banassurance/F1/V1
Form No. (2) - Statement of Activities Conducted by the Bank on Behalf of the Insurance Company Life Insurance Activities
Bank Name: ........ Registration No.: ........ Insurance Company Name: ........ Quarter: ........ for the year ........
| Branches | Insurance Amount | Basic Premium | Current Period (Total Premium) | Current Period (Total Commissions) | Comparative Period from Previous Year (Total Premium) | Comparative Period from Previous Year (Total Commissions) |
|---|---|---|---|---|---|---|
| Life Insurance | ||||||
| Life Payouts Insurance | ||||||
| Investment-Linked Insurance | ||||||
| Permanent Health Insurance | ||||||
| Management of Collective Pension Funds | ||||||
| Supplementary Insurance (Personal Accident Insurance) | ||||||
| Medical Insurance | ||||||
| Total |
Bank Signature and Stamp Date:
3J/Banassurance/F2/V1
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