Regulatory Alerts2025-01-02
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Instructions for the Basis of Collecting the Difference in Compulsory Insurance Premium for Non-Jordanian Vehicles for 2024
The Central Bank of Jordan issued Instructions No. 25 of 2024, effective January 1, 2025, establishing the calculation method for collecting the difference in compulsory insurance premiums for non-Jordanian vehicles. The rules require insurance companies to collect the difference between the total premium due and the amount already collected upon entry if the vehicle's stay in Jordan exceeds the insurance policy period, rounding the final amount to the nearest dinar. This issuance repeals the previous Instructions No. 26 of 2010 and its amendments.
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