Regulatory Alerts2024-11-25
Added · Updated
Requirements for Insurance Broker License Renewal
The Central Bank of Jordan requires insurance brokers to submit license renewal applications for 2025 by Thursday, November 28, 2024. Applicants must provide a completed renewal form, activity statements, criminal record certificates, updated commercial and trademark registrations, office lease agreements, proof of fifteen hours of specialized training, valid professional liability insurance, identification documents, and audited financial statements for legal entities. Additionally, brokers must submit signed declarations regarding compliance with Articles 19-21 of the Insurance Activities Regulations, conflict of interest, and approved address, along with proof of membership in the Jordanian Association of Insurance Brokers and payment of annual fees.