General Authority for Financial Regulation

Decision No. 21 of 2020 of the Authority

Dated 19/02/2020

Regarding the Tariff of Premiums for Compulsory Civil Liability Insurance Arising from Accidents of Fast Transport Vehicles on Trailers (Tractor Heads) Exceeding Three Axles

The Board of Directors of the General Authority for Financial Regulation

Having reviewed Law No. 10 of 1981 concerning the Supervision and Regulation of Insurance

and its executive regulations:

and Law No. 72 of 2007 issuing the Law on Compulsory Insurance for Civil Liability Arising from Accidents of Fast Transport Vehicles within the Arab Republic of Egypt:

and Law No. 10 of 2009 regulating supervision over non-Egyptian markets and financial instruments:

and Decision No. 252 of 2019 of the Chairman of the Board of Directors of the Authority, dated 24/02/2019, establishing the Compulsory Civil Liability Insurance Association for Fast Transport Vehicle Accidents:

and Decision No. 70 of 2019 of the Authority's Board of Directors, dated 22/05/2019, regarding the tariff of premiums for compulsory civil liability insurance arising from accidents of fast transport vehicles:

and the Statute of the General Authority for Financial Regulation issued by Presidential Decree No. 192 of 2009:

and the memorandum prepared by the General Administration for Insurance Companies Examination (2) and the General Administration for Electronic Expertise, dated 04/02/2020:

and the approval of the Authority's Board of Directors in its meeting held on 16/02/2020

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Has Decided:

(Article One)

The tariff of premiums for compulsory civil liability insurance arising from accidents of fast transport vehicles on trailers (tractor heads) exceeding three axles shall apply at a net annual premium of 1,200 Egyptian pounds or a net monthly premium of 120 Egyptian pounds.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the Authority's website, and shall take effect from the following day.

Date of Publication

Chairman of the Board of Directors of the Authority
Dr. Mohamed Omran