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Measures setting the minimum required capital

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Magazine Issue: 
Middle East, the great mirage [3]
Magazine date: 
May 2008

Following recent measures setting the minimum required capital for life and non-life insurance companies, Bassel Hindawi, General Manager of the insurance commission has announced that this measure shall not be immediately applied to existent companies not to penalise the small ones. The increase, which provides for the rise of the companies' capital from 8 million JOD (11 million USD) to 25 million JOD (35 million USD), is designed to consolidate the financial solidity of the insurance market.

Thu, 10/03/2011 - 10:57

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