Regulatory Alerts2021-01-01
Circular Letter No. 16 of 2021
The Financial Regulatory Authority of Egypt issued Circular Letter No. 16 of 2021 to clarify the implementation of Article 1 of Decision No. 698 regarding the Egyptian Travel Insurance Pool. The directive requires licensed insurance companies and cooperative associations to ensure that approved travel insurance policies incorporate additional coverages or monetary amounts beyond the standard pool policy. This requirement preserves beneficiaries' existing right to obtain supplementary travel insurance with extra protections from any authorized insurer outside the pool.
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