Compulsory insurance on police and army in Egypt
Wednesday, 09 02 2015, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Authority (an Egyptian government authority) started implementing compulsory insurance on the officer and soldiers of the armed forces and police in Egypt against terrorism risks in order to apply article No 54 of Law No 94 of year 2015 “Combatting Terrorism” which was approved by President Abdel Fattah el-Sisi on the 16th of the current month of August and which stirred controversy.
The article of the law allows to seize the funds of terrorist in order to finance the insurance policy.
Source: Arabi 21