Regulatory Alerts2024-05-14
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Instructions for Repealing Insurance Dispute Mediation and Arbitration Regulations
The Central Bank of Jordan repeals three sets of regulations governing insurance dispute resolution: the 2005 regulations on appointing insurance dispute mediators and arbitrators (repealed by Instruction No. 4 of 2024), the 2005 regulations on arbitration procedures (repealed by Instruction No. 5 of 2024), and the 2005 regulations on mediation procedures (repealed by Instruction No. 6 of 2024). These repeals are effective as of March 18, 2024, and are issued under Article 109(b) of the Insurance Activities Regulation Law No. 12 of 2021.
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