Regulatory Alerts2024-11-25
Added · Updated
Insurance Consultant License Renewal Requirements 2025
The Central Bank of Jordan requires insurance consultants to submit license renewal applications for 2025 by Thursday, November 28, 2024. Applicants must provide a completed renewal form, a statement of insurance consulting activities, valid professional liability insurance, and proof of payment of annual fees. Natural and legal consultants must also submit criminal record certificates, updated commercial and trade name registrations, office lease agreements, and evidence of at least fifteen hours of specialized training. Additionally, all relevant staff and management must provide copies of identification documents, valid work and residence permits for non-Jordanians, audited 2023 financial statements for legal persons, and signed declarations of compliance with Insurance Activities Regulations No. (12) of 2021.