Regulatory Alerts2003-01-01
Minister of Planning Decision No. 19 of 2003
The Egyptian Ministry of Planning issued Decision No. 19 of 2003 to establish the insurance conditions, rates, and coverage limits for the Government Insurance Fund guaranteeing risks to postal services and custodians. The regulation mandates specific premium calculations based on custodial values and asset types, outlines mandatory reporting and investigation procedures for insured losses, and defines strict security and precautionary protocols that postal units must implement to maintain coverage eligibility. Additionally, it sets distinct insurance terms for express mail materials, including coverage for loss or damage, claim submission timelines, and exclusions for sender error or force majeure.
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