Jordan – Instructions allowing insurance mergers
Friday, 09 18 2015, Category: Insurance and Reinsurance, Country: Jordan
The government issued new instruction allowing operating insurance companies in the Kingdom to merge in line with the current active insurance business law.
The instructions set the merger laws for companies which run life insurance or non-life insurance to merge in a company that practices both lines together or the same insurance line. But Takaful companies can only merge with a company that practices the same nature of business.
Source: Roya News