Cabinet assigns central bank to monitor insurance sector

AMMAN — The Cabinet on Wednesday approved a recommendation by the services, infrastructure and social affairs ministerial committee to task the Central Bank of Jordan (CBJ) with monitoring the insurance sector, in accordance with the practices of several international monitoring institutions.

The decision stipulates transferring the task to the CBJ within a year, and updating monitoring frameworks on the insurance sector within two years, the Jordan News Agency, Petra, reported. 

Also on Wednesday, the Cabinet approved establishing 17 new houses to replace dilapidated buildings in Karak’s Sultani area, and implementing maintenance on six other houses in the same area at a total cost of JD350,000.