Wednesday, 28 July 2021 02:00 GMT

Jordan- Lower House returns insurance draft law to Senate


(MENAFN - Jordan Times) 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. 

 

MENAFN01032021000028011005ID1101682058


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.