Regulatory Alerts2019-01-01
Decision of the Board of Directors of the Authority No. (181) of 2019
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. 181 of 2019 to mandate insurance companies to explicitly disclose all commissions, bonuses, and incentives payable to insurance brokers within the policy schedule. The regulation requires insurers to list the broker's name, FRA registration number, and the exact commission value under the heading "Payable Commissions". This directive takes effect the day after its publication in the Egyptian Gazette and on the FRA website, ensuring transparent fee disclosure to policyholders.
Share