Government approves Insurance Fund amendment
The Jordanian government has decided to approve the underlying reasons for the draft amended regulations of the Insurance Guarantee Fund and beneficiaries of insurance contracts for the year 2026. This step aims to enhance the protection of insured parties' rights and reduce the likelihood of insurance companies liquidation. The project seeks to shift from a post-distress treatment model to a preventive approach that encourages the merger of financially sound companies with weaker ones. This will improve the efficiency of the fund's resource management and decrease its contributions based on conditions set by the relevant authorities. This amendment is part of the government's efforts to support the insurance sector and to realize the vision of modernizing the national economy.
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