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Lower House returns insurance draft law to Senate

By JT - Mar 01,2021 - Last updated at Mar 01,2021

AMMAN — The Lower House on Monday returned the organisation of insurance works draft law to the Upper House after the former insisted on its previous decision.

The Lower House disagreed with the Senate over the items of the draft law regarding the supervision and monitoring powers of the Central Bank of Jordan over the insurance sector, the Jordan News Agency, Petra, reported.

Meanwhile, MPs embarked on discussions over the 2010 temporary companies draft law before Speaker Abdulmunim Oddat adjourned the session.

The bill allows the registration of non-for-profit companies under the companies register despite items in the Law on Associations that consider such companies private associations. 

 

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