Regulatory Alerts2003-01-01
Prime Minister's Decision No. 229 of 2003
The Egyptian Prime Minister issued Decision No. 229 of 2003 to establish the Government Insurance Fund for Covering Risks Facing Postal Services within the National Postal Authority. The Fund is mandated to cover risks of damage, loss, fire, theft, and embezzlement affecting postal facilities, mail materials, and express services, with its resources funded through annual budget allocations and express mail insurance premiums. The decree establishes the fund's financial management framework, investment guidelines, mandatory reporting to the Egyptian Insurance Regulatory Authority, and the composition and operational powers of its management committee.
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