Instructions for Repealing Insurance Dispute Mediation and Arbitration Regulations

Central Bank of Jordan
CENTRAL BANK OF JORDAN

Reference: 7001/3/17
Date: 7 / 11 / 1445 AH
Corresponding to: 14 / 5 / 2024 AD

To the respected Jordanian Union of Insurance Companies,

Please be informed of the decision of the esteemed Board of Directors of the Central Bank No. (50/2024) dated 2024/3/18, which, based on the provisions of paragraph (b) of Article (109) of the Insurance Activities Regulation Law No. (12) of 2021, approves the issuance of the following instructions:

1. Instructions for repealing the Instructions for appointing insurance dispute mediators and arbitrators with the Insurance Authority No. (4) of 2024.
2. Instructions for repealing the Instructions for arbitration procedures in insurance disputes and their provisions No. (5) of 2024.
3. Instructions for repealing the Instructions for mediation procedures in insurance disputes and their provisions No. (6) of 2024.

Please accept the highest regards,

Governor
Dr. Adel Al-Sharqas

Classification Level: Internal

---

Central Bank of Jordan
CENTRAL BANK OF JORDAN

Instructions for Repealing
Instructions for Arbitration Procedures in Insurance Disputes and Their Provisions No. (9) of 2005 and its amendments No. (5) of 2024

---

Article (1):
These instructions are named (Instructions for repealing the Instructions for Arbitration Procedures in Insurance Disputes and Their Provisions of 2024), and are issued based on the provisions of paragraph (b) of Article (109) of the Insurance Activities Regulation Law No. (12) of 2021, and are considered effective from the date 2024/3/18.

Article (2):
The Instructions for Arbitration Procedures in Insurance Disputes and Their Provisions No. (9) of 2005 published in Official Gazette No. 4726 dated 2005/11/1 and the amended Instructions for Arbitration Procedures in Insurance Disputes and Their Provisions No. (5) of 2006 published in Official Gazette No. 4804 dated 2007/1/16 are repealed.

---

Central Bank of Jordan
CENTRAL BANK OF JORDAN

Instructions for Repealing
Instructions for Appointing
Mediators and Arbitrators of Insurance
Disputes with the Insurance
Authority No. (7) of 2005 and its amendments
No. (4) of 2024

---

Article (1):
These instructions are named (Instructions for repealing the Instructions for appointing insurance dispute mediators and arbitrators with the Insurance Authority of 2024), and are issued based on the provisions of paragraph (b) of Article (109) of the Insurance Activities Regulation Law No. (12) of 2021, and are considered effective from the date 2024/3/18.

Article (2):
The Instructions for appointing insurance dispute mediators and arbitrators with the Insurance Authority No. (7) of 2005 published in Official Gazette No. 4726 dated 2005/11/1, the amended Instructions for appointing insurance dispute mediators and arbitrators with the Insurance Authority No. (3) of 2006 published in Official Gazette No. 4804 dated 2007/1/16, and the amended Instructions for appointing insurance dispute mediators and arbitrators with the Insurance Authority No. (16) of 2010 published in Official Gazette No. 5028 dated 2010/5/2 and the decisions issued pursuant to them are repealed.

---

Central Bank of Jordan
CENTRAL BANK OF JORDAN

Instructions for Repealing
Instructions for Mediation Procedures in Insurance Disputes and Their Provisions No. (8) of 2005 and its amendments No. (6) of 2024

---

Article (1):
These instructions are named (Instructions for repealing the Instructions for Mediation Procedures in Insurance Disputes and Their Provisions of 2024), and are issued based on the provisions of paragraph (b) of Article (109) of the Insurance Activities Regulation Law No. (12) of 2021, and are considered effective from the date 2024/3/18.

Article (2):
The Instructions for Mediation Procedures in Insurance Disputes and Their Provisions No. (8) of 2005 published in Official Gazette No. 4726 dated 2005/11/1, the amended Instructions for Mediation Procedures in Insurance Disputes and Their Provisions No. (4) of 2006 published in Official Gazette No. 4804 dated 2007/1/16, and the decisions issued pursuant to them are repealed.