The Central Bank of Jordan announced enforcement action following field inspections that identified unlicensed insurance-related activities. It fined a management consulting, information technology programming and services company JOD 100,000 for providing services reserved for licensed insurance service providers. The central bank also imposed fines of JOD 20,000 on each person found unlawfully marketing insurance contracts and soliciting customers through offices in licensing areas. Providing insurance or related services without prior authorization breaches Jordan’s insurance law, with repeat violations potentially attracting fines of up to JOD 400,000. The central bank also warned against using nonprofit entities as a front for unlawful insurance activity.
2026-08-18Central Bank of Jordan
Central Bank of Jordan imposes JOD 100,000 company fine and JOD 20,000 individual fines for unlicensed insurance activity
The Central Bank of Jordan fined a company JOD 100,000 for providing insurance-related services without a license. It also imposed JOD 20,000 fines on each person found unlawfully marketing insurance contracts or soliciting customers, with repeat violations potentially subject to fines of up to JOD 400,000.