Regulatory Alerts2006-01-01
Minister of Investment Decision No. (278) of 2006
The Egyptian Ministry of Investment issued Decision No. 278 of 2006 to reduce the insurance rates charged by the Government Insurance Fund for postal service risks by thirty percent (30%) from the rates established in the 2003 Minister of Planning Decision. This regulatory amendment directly lowers premium costs for postal operators by adjusting the financial guarantees mandated under the 1970 Postal System Law and related insurance supervision statutes. The decree takes immediate effect upon publication in the Egyptian Gazette and mandates all competent authorities to enforce the revised rate structure.
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