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General
Information
The
Insurance Supervision and Control in Egypt
Act
No. 10 of 1981 As Amended by Act No. 91 of 1995
Chapter
Thirteen
The Companies Established under the
Provisions of the System of the Investment of the Arab and Foreign
Funds and Free Zones Proclaimed by Law No.43 of 1974
Article 75 - Insurance companies established under
the System of the Investment of Arab
and Foreign Funds and the Free Zones proclaimed by Law No. 43 of 1974
shall continue to carry on their activities in
accordance with the provisions and rules issued by the decision of
authorisation. The provisions of this Law shall not be applied to these
companies except the articles 37 to 40, article 44
(a,b,d,e), articles 47 to 51 and articles 53,59,60,61,62, 77 of this Act.
These
companies may operate locally and in local currency provided to be in
compliance with the provisions of this Act and its directives.
Article
76 - The General
Authority for Investment and Free Zones shall notify the Egyptian
Insurance Supervisory Authority of the decision authorising the
establishment of insurance or reinsurance company in the free zones, as
well as the decision of erasure.
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