Outcomes
By the end of the course, participants will be able to:
1. Understand the legal and regulatory foundations of the insurance sector.
2. Identify the authorities authorized to conduct insurance activities and understand their supervisory roles.
3. Differentiate between various types of insurance contracts and their formation procedures.
4. Comply with "Know Your Customer" (KYC) requirements for both natural and legal persons.
5. Apply relevant legislation on electronic contracts and digital signatures.
6. Understand the roles and responsibilities of insurance agents, brokers, and service providers.
7. Comprehend personal data protection requirements and associated legal obligations..
Contents
Fundamental Concepts and Regulatory Framework
- What is insurance? Definition and objectives.
- Laws governing the insurance sector.
- Evolution and development of the Insurance Regulatory Law.
- Purpose of the law and its role in supporting the economy.
- Continuity and impact of applicable legislation.
Institutional and Regulatory Landscape in Jordan
- Authorized entities in the insurance business.
- Overview of the insurance sector in Jordan.
- Insurance companies and service providers.
- Regulatory and supervisory framework.
Insurance Contracts – Formation and Implementation
- How is an insurance contract formed? Characteristics and requirements.
- Practical examples of insurance contracts.
- Stages and procedures of contract formation.
- Insurance application and KYC requirements.
- Identity verification for individuals and legal entities.
Digital Regulations and Legal Framework
- Legal framework for electronic contracts in Jordan.
- Electronic signatures: requirements and legal effects.
- Electronic records, public and private key infrastructure.
Roles of Key Sector Stakeholders
- Insurance agents: roles, obligations, and restrictions.
- Insurance and reinsurance brokers: responsibilities and scope of work.
- Claims handling, complaints management, and policy documentation.
Compliance and Data Protection
- Administrative and regulatory obligations.
- Transparency and financial disclosure requirements.
- Protection of personal and sensitive data.
- Conditions for lawful processing and prior consent.
Responsibilities of data controllers and processors