Instructions on Insurance Company Liability in Mandatory Vehicle Insurance No. (21) for the Year 2024

CENTRAL BANK OF JORDAN
البنك المركزي الأردني

Number: 3/17/ 5162
Date: 30 Jumaada al-Thani 1446 AH
Corresponding to: 31 December, 2024 AD

Dear Insurance Companies,
Dear Jordanian Insurance Union,

Subject: Instructions on Insurance Company Liability in Mandatory Vehicle Insurance for the Year 2024

Greetings,

Pursuant to the provisions of paragraph (b) of Article (109) of the Insurance Business Regulation Law No. (12) of 2021 and the provisions of paragraph (b) of Article (6) and paragraph (a) of Article (19) of the Mandatory Insurance System No. (52) of 2024, we attach to you the "Instructions on Insurance Company Liability in Mandatory Vehicle Insurance No. (21) for the Year 2024" issued pursuant to the decision of the Board of Directors of the Central Bank No. (2024/252) dated 2024/12/24.

Please accept our highest respect,

The Governor
Dr. Adel Al-Sharkas

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Classification level: public
Classification use: public
Central Bank of Jordan
P.O. Box (37) Amman, 11118 Jordan
Email info@cbj.gov.jo
Website cbj.gov.jo

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Central Bank of Jordan
CENTRAL BANK OF JORDAN

Instructions on Insurance Company Liability in Mandatory Vehicle Insurance No. (21) for the Year 2024

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Contents

Subject	Page
Article (1):	3
Article (2):	3
Article (3):	3
Article (4):	4
Article (5):	4

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Article (1):
These instructions shall be known as the "Instructions on Insurance Company Liability in Mandatory Vehicle Insurance for the Year 2024", and are issued based on the provisions of paragraph (b) of Article (6) and paragraph (a) of Article (19) of the Mandatory Insurance System No. (52) of 2021 and paragraph (b) of Article (109) of the Insurance Business Regulation Law No. (12) of 2021, and shall be effective from 2025/1/1.

Article (2):
A- The words and phrases contained in these instructions shall have the meanings specified below unless the context or circumstances indicate otherwise:

1. The Law: Insurance Business Regulation Law No. (12) of 2021.
2. The System: Mandatory Vehicle Insurance System No. (52) of 2024.
   B- The definitions of terms and phrases contained in the Law and the System shall be adopted wherever they appear in these instructions, unless the context or circumstances indicate otherwise.

Article (3):
A- The insurance company is obliged to pay the fixed amounts listed below to the injured party in the following cases:

Type of Damage	Fixed Amount the Insurance Company is Obligated to Pay
1- Death	(17,000) Jordanian Dinars per person, paid to the legal heirs according to legal shares.
2- Total Permanent Disability	(17,000) Jordanian Dinars per person.
3- Partial Permanent Disability	(17,000) Jordanian Dinars multiplied by the disability percentage per person.
4- Temporary Disability	(100) Jordanian Dinars per week for a maximum period of (39) weeks per person.

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5- Moral Damages Resulting from Death	(3,000) Jordanian Dinars per person, paid to the legal heirs up to the second degree.
6- Moral Damages Resulting from Total Permanent Disability	(3,000) Jordanian Dinars per person.
7- Moral Damages Resulting from Partial Permanent Disability	(3,000) Jordanian Dinars multiplied by the disability percentage per person.

B- The limits of the insurance company's liability for compensation for medical treatment expenses and losses and damages to property shall be determined as follows:

Type of Damage	Limits of Insurance Company Liability
Medical Treatment Expenses	(7,500) Jordanian Dinars as a maximum per person
Losses and Damages to Property, including: 1- Material Damage Compensation 2- Loss of Benefit Compensation 3- Diminution in Value Compensation	(75,000) Jordanian Dinars as a maximum per incident

Article (4):
The Governor shall issue the necessary decisions to implement the provisions of these instructions.

Article (5):
The Instructions on Insurance Company Liability in Mandatory Vehicle Insurance No. (24) of 2010 issued based on the provisions of the Mandatory Vehicle Insurance System No. 12 of 2010 are repealed, provided that the decisions issued pursuant to the provisions of the aforementioned instructions shall remain in force until replaced by others in accordance with the provisions of these instructions.

Chairman of the Board of Directors of the Central Bank Adel Al-Sharkas

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