Government duties to insolvent insurers
The article discusses the issues faced by struggling Jordanian insurance companies, particularly concerning bankruptcy and the loss of rights for employees and those affected. It highlights that, despite several years having passed since the liquidation, no affected party has received their financial entitlements. The article emphasizes the need to reform the mechanism for appointing liquidation committees and to enhance their expertise to ensure proper management of compensation files. Additionally, it calls for a fair division of recovered funds among the injured parties and employees, rather than allocating them to the committees' members’ salaries. The article also urges the Jordanian Central Bank to hold liquidation officials accountable, set a timeline for completing the committees’ work, and disclose the results of the liquidation of companies that have been suspended for years, to prevent impunity and to protect the rights of those affected.
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