Jordan – Al Wazani asks the government to speed the insurance law issuance
Wednesday, 06 24 2015, Category: Insurance and Reinsurance, Country: Jordan
The president of the Jordan Insurance Federation Dr. Al Wazani asked the government to speed the issuance of the insurance law which was still in the drawers of legislative department for many years.
Al Wazani in a communication to the Jordan News Agency (Petra) said there are no reasons to “delay the issuance of the law” indicated that there are laws which were introduced after the insurance law and which were not urgent but successfully entered the legislative department and passed through all the constitutional phases.
He indicated that the Federation will seek to add effectively the companies under its activities in order to achieve its targeted objectives noting the importance of reviewing laws and regulations which proved the need to apply some amendments or cancellations.
Al Wazani showed that the sector suffers from many challenges which will necessitate cooperation in order to be overcome and to be transformed into real opportunities. Among these challenges is the absence of freedom in choosing the customer and the compulsory equal treatment for a multi-accident insured and accident-free insured.
Source: Al Anbat