Regulatory Alerts2019-01-01
Added · Updated
Decision of the Chairman of the Authority No. 252 of 2019
The Chairman of the Egyptian Financial Regulatory Authority issued Decision No. 252 of 2019 to establish the Egyptian Pool for Compulsory Civil Liability Insurance Arising from Rapid Transport Vehicle Accidents. The decision approves the pool's bylaws, which mandate that all licensed insurers participate in a centralized system for issuing mandatory insurance policies, collecting premiums, and managing claims for rapid transport vehicles. It further outlines the pool's governance structure, financial obligations, and the specific roles of the General Assembly, Administrative Committee, and Executive Director in regulating this compulsory insurance branch.
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