Regulatory Alerts2003-01-01
Prime Ministerial Decree No. 1863 of 2003
The Egyptian Prime Minister issued Decree No. 1863 of 2004 to amend Article Two of Decree No. 229 of 2003, which established a government insurance fund for postal services. The revised provision expands the fund's coverage to include risks of damage, loss, fire, theft, embezzlement, forgery, and fraud affecting postal printing presses, government and private postal units, currency, stamps, seals, documents, supplies, armed personnel, and express mail materials. The Minister of Investment, acting on the proposal of the Egyptian Insurance Authority's Board of Directors, is mandated to issue a decision specifying the terms and pricing for these insurance operations.
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