Regulatory Alerts2017-01-01
Decision No. 659 of 2017 Amending Executive Regulations for Electronically Issued Travel Insurance Abroad
The Egyptian Financial Supervisory Authority issued Decision No. 659 of 2017 to amend the executive regulations governing standard travel insurance policies issued electronically. The decision replaces the previous maximum policy value limit of five hundred thousand Egyptian pounds with a new cap of fifty thousand US dollars or its equivalent in any other currency. This amendment takes effect the day after its publication in the Egyptian Gazette and on the Authority's official website.
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