The law of compulsory insurance for cars

Act No. 72 of 2007 passed a law on compulsory insurance of vehicles of transport accidents rapid Arab Republic of Egypt ____ of the People's Law No. 72 of 2007 passed a law on compulsory insurance of civil liability arising from the incidents of highway transport vehicles within the Arab Republic of Egypt _____

The name of the people

President of the Republic, the Council decided to read the following law, which we issued: (Article I)

Provisions of the law operates facilities in the compulsory insurance of civil liability arising from the incidents of highway transport vehicles within the Arab Republic of Egypt. (Article II)

Subject to the provisions of the law on the supervision and control of insurance in Egypt, Law No. 10 of 1981 did not set out in the text of the Act and not inconsistent with its provisions. (Article III)

Repealed Act No. 652 of 1955 on compulsory insurance of civil liability arising from motor vehicle accidents and to cancel the rule violates the provisions of this law. (Article IV)

Issue the executive regulations of this law by the Minister of the investment within three months from the date of the law and to be issued this regulation will continue to work regulations and resolutions in force are not in contradiction with the provisions of the Act facilities. (Article V)

This law shall be published in the Official Gazette and shall come a month after the date of publication. Pleased that the commitment level provided for in Article (3) of the facilities as of the date of expiration of the term of a compulsory insurance in force in relation to the vehicle in the history of this law. Thumbprint of this law the State seal, and executed as of the laws.

The law of compulsory insurance for civil liability arising from the incidents of highway transport vehicles within the Arab Republic of Egypt


(Article 1)

Insurance must be on the civil liability arising from the incidents of highway transport vehicles in the conduct of the licensee in accordance with the provisions of the Traffic Act. The insurance covers death, bodily injury and material damage caused to property of others damaged vehicles except, in accordance with the provisions of the insurance policy issued pursuant to this Act. (Article 2)

Accept the scope of application of the provisions of this law, an insurance card on the progress of the Standard Vehicle Arabic across the country, documents or papers or certificates of insurance issued in accordance with international conventions in force in the Arab Republic of Egypt, provided that the insurance under the cards or documents or certificates in force for the duration of stay in the vehicle Arab Republic of Egypt, including the civil liability provided for in the preceding article. And to indicate the card or certificate or the insurance company made the settlement of the Egyptian compensation implications. (Article 3)

The obligation to carry out insurance on the owner of the vehicle or legally take his place. (Article 4)

Taking into account the provision of Article (2) of this Act to the insured by an insurance company registered with the Egyptian Authority for the Supervision of Insurance and authorized to engage in branch motor insurance. And insurance-related responsibilities in accordance with the provisions of Act No. 10 of 1981 and is committed to accept the insurance companies referred to the documents and the issuance of its own. (Article 5)

Each vehicle and the insurance document is identical to its own model, which was issued by the decision of the Board of Directors of the Egyptian Authority for Supervision of Insurance. The reservation of insurance referred to documents and renewed in the competent department of traffic on the vehicle file (paper or electronic) may not be withdrawn or canceled license as long as the vehicle to hold and the consequences of this cancellation, the impact of the impact for others. In the case of transfer of ownership of the subject, however, the original document or renovated for the new owner of the remaining term in accordance with the conditions and procedures determined by the executive regulations of this law.

(Article 6)

Take effect the insurance for the duration of the conduct of licensing the vehicle, and within the time allowed for the renewal of the license in accordance with the Traffic Act, with effect from the renewal of the day following the expiration of the term of the license until the end of the period allowed for renewal. (Article 7)

The identification of a maximum price of the insurance provided for in Article (1) of this Act the decision of the Governing Council of the Egyptian Authority for Supervision of Insurance, based on the actuarial and technical studies prepared in this regard, however, may determine the price of this additional insurance in cases in which more than risk insurance, all after taking the opinion of the Ministry of the Interior and the consent of the President of the Council of Ministers. And insurance companies to adhere to these prices in the documents issued. (Article 8)

Leading insurance company the amount of insurance specified on the incidents referred to in Article (1) of this Act or due to the heirs, without the need to resort to the judiciary in this regard. The amount of the insurance role of the insurance company of forty thousand pounds in the event of death or total disability sustained and determined the amount of the amount of insurance in cases of partial disability sustained by the percentage of disability. Also determine the amount of insurance for damage to property of others up to a maximum of ten thousand pounds, and sets the board of the Egyptian Insurance Supervisory how performance requirements and the amount of insurance for the beneficiaries in each of the cases referred to a, to be paid the amount of insurance in a period of no more than months of the date of the insurance company informed of the incident. (Article 9)

Of the injured and the heirs or legal action caused by the accident and in charge of the civil rights of the claim beyond the amount of insurance. (Article 10)

May not perform the amount of the insurance company and insurance agent or agent of the injured and the heirs, however, under the special power of attorney certified by a determined amount of insurance, according to the article (8) of this Act. And must include the agency and the value of the amount of insurance, including the right to authorize the agent receives from the insurance company. (Article 11)

In the case of Attorney General received a communication or record of the reasoning of the editor of the law enforcement officer in a positive reality for compensation in accordance with the provisions of this law is the query of the appropriate traffic management for the name of the company to secure the vehicle and the name of the insured, and prove that the record of the investigation and notify the insurance company of the accident. (Article 12)

Committed to the insured or on behalf of the insurance company to inform the incident which caused the vehicle - and positive for compensation in accordance with this law - within fifteen days from the date of the accident, and should take all precautions and procedures necessary to avoid the aggravation of the damage it causes. Is also committed to submit to the insurance company for all papers and documents relating to the incident, if delivered to him. If the insured has breached any of its obligations set forth in the preceding paragraphs refer Vcharkp insurance for damage caused to the result, the delay was not justified. (Article 13)

If the responsibility for the undue benefit to the amount of insurance in accordance with this law, inter-vehicles or more, the right of the injured or the heirs get the amount of insurance provided for in Article (8) of this Act from any of the insurers of the vehicle causing the accident. The amount of the settlement between the insurance companies, including insurers equally. (Article 14)

If the patient died or sustained deficit deficit completely by accident during the year from the date of the incident and found a medical certificate certified that the death or total disability sustained were the result of an accident, then the insurance company that will lead to the injured or his heirs the amount of insurance due on the state of death or total disability sustained as stipulated in Article (8) of this Act or to supplement the amount of insurance already paid up to this point. (Article 15)

Proceedings are injured in the face of the insurance company of limitations provided for in Article 752 of the Civil Code. (Article 16)

The injured and the heirs or a combination of the amount of insurance provided for in this Act and any other amounts under the merit and optional insurance may be concluded to cover bodily injury or death resulting from vehicle accidents. (Article 17)

Insurance company, if the amount of insurance in the event of civil liability by non-insured or otherwise authorized to drive the vehicle, refer to the official for damages to recover what they have done to make up. (Article 18)

The insurance company may refer to the insured values of e as it may be played to make up if it is proved that the insurance contract on the basis of the insured make a false statement or concealing material facts affecting the governance of the insurance company to cover the risk or accept the price or terms of insurance or vehicle used for purposes not granted the license. (Article 19)

Does not entail a right of recourse to the insurance company to be in accordance with the provisions of the two preceding articles prejudice to the right of the injured to return to the charge of civil rights. (Article 20)

Fund shall be established by government, according to the article (24) of Act No. 10 of 1981 to cover the damage resulting from incidents of highway transport vehicles in the following cases: - 1 - lack of knowledge of the vehicle responsible for the incident. 2 - the lack of insurance on the vehicle for the benefit of others. 3 - vehicle accident-free licensing procedures. 4 - of the insolvency of the insurance company in whole or in part. 5 - other cases established by a decision of the Governing Council of the Egyptian Authority for Supervision of Insurance. The IMF has made eligible for insurance according to Article (8) of this Act, and is entitled to in the cases provided for in items (2.3) of the preceding paragraph refer to the owner of the vehicle or the vehicle or damage caused in the value of the amount of insurance he has done. And a decision of the Prime Minister with the Fund. The insurance companies, the financing of the Fund by the proceeds of premiums according to the average market share of compulsory insurance to be issued to identify the percentage resolution of the Minister of Investment on the basis of a technical report prepared by the Egyptian Authority for the control of the proceeds from such insurance. (Article 21)

Without prejudice to any heavier penalty provided for in other law, shall be punished by a fine of not less than five thousand pounds and not more than twenty thousand pounds to anyone who violates any of the provisions of Articles (3), (4) the last paragraph of Article (7), (8 ), (10) of the Act, which sits on the criminal liability of legal person, if found contrary to the right. punishable by a fine of not less than one thousand pounds and not more than five thousand pounds for every person who contravenes the provision of Article (12) of this Act.

Fraud in the auto insurance market, first, the Syrian

The proportion of insurance fraud in the world between 20 to 30%, which is the limit .. And more room for fraud abroad is in life insurance.

As for the Syrian market fraud in the area of insurance is still in place, where the first percentage is concentrated in motor insurance, this was confirmed by Ayad Al-Zahra Director-General of the Insurance Supervisory Authority, noting the existence of such a species of fraud which overstated the claim and recourse to the courts and advocacy before the judicial review insurance company .. There are also some cases, a few attempt the extraction of an insurance contract in order to obtain more compensation.

The second type of fraud in the rate of concentrated fire, as an example, the plant has financial burdens can be burned to the resort owner in order to obtain greater compensation insurance.

Followed by fraud in the area of marine insurance, and in this regard, the PM. Zahra is that the nations of the world of fraud in this type of insurance is of piracy, but largely no insurance shall be issued to certain conditions, if realized in the given conditions of insurance cover and verify the damage in this case to pay the damage, also plays the experience of experts from the insurance during the testing process role in the detection of the fraud marine, as disclosed by them if there was a reason directly or indirectly, or deliberate act of harm, in this case could refuse to compensate for the incident or if the conditions are met.

And in particular for marine insurance in the domestic market explained Greg. Zahra is governed by the decisions that are required to comply with the insurance, and here comes the role of the supervision of the insurance in the tracking of these decisions that the court has jurisdiction, because the insurance foreign rejected.

And on the nature of these decisions, he pointed to a mandatory insurance in the Navy, including the insurance in the country, and there is another type of insurance in this area has been a citizen Mguetni Tominacha with the goods, but nevertheless must be out of the port of such insurance (depending on the decisions made by the him so).

At the end of the day-Zahra stressed the role of each insurance company to avoid any type of insurance fraud in all areas, to vaccinate and protect itself and its organs, certain systems in place to detect such cases.

Decline in auto insurance in the UAE, 50 percent

Managers and experts confirmed that a local insurance companies insurance on new cars declined in the first quarter of the current year by 50 percent compared to the same period of last year, 2008, and the size of the insurance sector in the country about 13 billion dirhams, with a share of the insurance on the car between 40 and 50 percent the size of any share of general insurance auto insurance are estimated at between 5 and 6 billion dirhams.

They pointed out that this decline was the result of decline in car sales this year of the stresses in the lending banks on the one hand and the low purchasing power and anticipation of the economic conditions of people on the other.

Also declined due to the intensification of price competition among insurance companies, or to more than 20 percent, prompting many managers and workers in the sector are invited to compete on the basis of the quality of insurance, the added value provided and not on the basis of prices that have reached low levels, and irrational, so there are no more room for competition on this basis.

Khalilzad said Said, director of «United Insurance Company» The car insurance sector is the largest proportion among all sectors, with some of the companies to between 50 and 60 percent.

He said that this sector was affected significantly in the past several months that accompanied the crisis, and continues to influence the rates vary from company to company, pointing out that the decline in new car insurance came to more than 40 percent during the first quarter of this year compared to the same period last year.

He pointed out that auto insurance has declined in the last period for obvious reasons Ki_dd banks to grant loans for all sectors including the automotive finance sector, as well as the fears of people from buying cars-and-see mode.

He said that the continuation of the process of price competition and price break between the insurance companies would not be beneficial and that the insurance companies going to compete on the basis of value added at the request of clients or just the additional advantage of the insurance companies on matters such as insurance in the private car and to alternative car insurance agent in the event of any incident of his car, in addition to the question of assistance on the roads.

For his part, said Amer Aqlah director of the Falcon car company in the National Insurance «were not affected by the process of renewing the insurance on the car previously secured the global financial crisis and the repercussions that followed, but the impact was significant in securing new cars, where the demand for new insurance rate almost 50 percent, and the the beginnings of the decline started in the fourth quarter of last year 2008.

He pointed out that such declines were due to banks, stressing that the financing of cars has led to a significant decline in sales and this is what we have seen and noticed many of the presentations offered by the auto companies, as a result of lack of demand for procurement.

The insurance companies are beginning to focus on attracting customers through a variety of additional benefits and development in efficiency and quality of work insurance, in addition to price competition, which brought the price of auto insurance and others to very low levels, which is no longer room for competition in this area, pointing out that the companies started services were not put in place, maintain and expand the provision of other services.

Abdel Karim said Ascol director of the Office for the Prevention of losses in the Arab insurance companies, banks no longer give loans as in the past and therefore it is natural to decline with sales of cars and insurance, the market in this period suffered a lot especially as the car insurance sector and one of the most important sectors for the most active companies insurance.

He pointed out that he could note the vulnerability of all auto companies, the global financial crisis and the decline in sales of promotional and advertising methods of the companies in attracting customers, auto companies did not follow the method of sending messages by telephone entice customers to secure a free one year or more, in addition to the maintenance of more years than it was previously, and the provision of facilities to pay in the face of stresses in the funding banks, but the regression of the market despite the existence of facilities and lower prices reflect either a fear of people from the purchase, or the weakness of the purchasing power of many of them, especially those working in the real estate companies.

He pointed out that this would cost the insurance companies operating losses since, in light of these circumstances will be compensation to the insured vehicles in the previous year, especially in the ones, which secured the second half of the premiums this year stalled at this level for many of the companies or from the profits of the year past and therefore would vaporize all the profits and reduce opportunities for companies to grow.

Compulsory insurance for cars

To provide the customer time and effort in the past can one pay the fees for the renewal of the insurance on the vehicle during the license renewal fees post offices. Have been made of the service fees and renewal of the compulsory insurance as of 1/7/1993.

Does not accept fees for compulsory insurance the post offices in the following cases: --
- Transfer of ownership.

- The license for the first time.

- The end of the month deadline.

- Almlaki car with license (public sector - the Government - Police - Army).

- Compulsory insurance fees are collected at the car from the reality of the schedule of rates and compulsory insurance as Alltrip capacity and the nationality of the owner of the car.

Steps of service

First: - documents and papers required:
- Access to the car's license (valid).
- The image of the car license.
- Or a certificate approved by the traffic data in the case had the license.
- Get the customer to check the delivery of 34 (out of + image) after the payment of fees.

- Second: Time Zone:
- Upon request, on the same day
- In the case of lack of access to service in a timely manner or a request for documents, fees or additional payments, you can contact the National Postal Authority (Department of checks).
- In case of receivables in amounts less than the employee receives the difference in charge for the collection of the car.

Demands the reduction and consolidation of insurance rates for cars

Khalid Ali (above) Jeddah: Student members of the Committee on Road Transport Chamber of Commerce and Industry in Jeddah, auto insurance companies operating in the Kingdom to reduce prices and to deal realistically with the local market and the importance that there should be a standard contract for all firms certified by the Saudi Arabian Monetary Agency to deal with the transparency and rationality UK road transport sector.
The Committee noted the need to find the average price of insurance, specific to all types of road transport vehicles, and stressed on the need to communicate with insurance companies on this matter to reach the standard rate, which would satisfy both parties.
The Vice-President of the National Committee of Land Transport, Transport Committee Chairman of the Chamber of Said bin Ali Albassami that this issue was discussed with members of the Committee was agreed to require all insurance companies to reduce prices of cars and deal with the domestic market more seriously and realistically.
He added that the transport and communications sector and in particular road transport sectors of the task in advancing the development of the insurance provided for the movement of passengers and cargo domestically and internationally, and played a leading role in pushing the economy and the provision of services to the productive sectors and other service and provides many opportunities for investment and employment is estimated at investment of more than 67 billion riyals, and includes the transfer of a huge fleet of tankers.
The Land Transport Committee, the Chamber of Commerce and Industry in Jeddah last month has revealed the presence of 600 thousand people in the city did not pay the sums of money due to the car rental companies, resulting in significant annual financial losses borne by these companies amount to two billion and 500 million riyals.
She explained that it would conflict with the names of persons to the black list is being distributed to the car rental companies, in addition to that the chamber is working to develop a mechanism with the competent authorities for the collection of amounts owed by the people in the black list, so this will be a black list is the first of its kind in the Kingdom.

Israeli police stopped work for the application of auto insurance

Banias - The local newspaper "Kalcalist" of the economic newspaper "Yediot Aharonot" Almroralisraiilip today that the police recently received new orders not to search or to impose sanctions or fines on drivers who drive without insurance and compulsory insurance (ביטוח חובה).

And although the police made it clear that the leadership of a non-believer is still a criminal offense in the State of Israel, but it would prefer to focus on the application of the law in cases of crimes, the danger to life only.

This decision is protested by the insurance companies say that more drivers will now travel without insurance is mandatory, and thus will accumulate compensation for injuries in cars of non-binding and the State in accordance with the law at the expense of drivers who pay the insurance and at the expense of the State.

On the other hand, is satisfied with the resolution of many of the drivers in the worsening economic hardships these days, will provide the annual amounts of insurance, which was mandatory until today.

Bahrain reduces the value of auto insurance by 80% to clean the records of the traffic

A new organization to terminate the insurance rates mutual complaints between businesses and drivers

Bahrain Monetary Agency announced yesterday that respond with a complaint of insurance on the car, issuing a new resolution on the annual rates of vehicle insurance (third party), the mechanism by which the calculation of third party insurance premiums, according to the price of the new institution was granted a deduction of up to 80 in per cent of the value of the annual insurance for drivers with clean traffic record, a step that is the first of its kind in the Gulf countries.

The issuance of this decision after observing that the institution that there are many reasons that make a review of the previous tariff and approved in 1995, including a complaint and of the high car insurance premiums as a result of insurance companies to calculate the higher ceiling price of the tariff without distinction between the good and the driver's reckless driver In addition to complaints from insurance companies the high cost of repairs due to the increase in the number of traffic accidents and increased cases of death and physical injuries as well as the taking into account the dangers of a private nature, such as sports cars and the driver's age and duration of drivers license and multi-events.

We will give this resolution, a believer in the benefits of original records them with free traffic accidents will be given discounts ranging from 5% to 20% and, by contrast, gave a resolution of the insurance companies the right to increase the insurance premium rates for multi-rated traffic accidents and to meet the premium commensurate with the nature of special risks insured.

Said Mr. Anwar Khalifa, Executive Director of the Financial Institutions Supervision at the BMA that the institution has sought for more than two years to address the problem of the third party to negotiate with the Bahrain Insurance Association, where an agreement reached on most points of the dispute and, accordingly, has put its proposals through bilateral meetings and open hearing with the various civil society institutions such as the Consumer Protection Society and the Society of transparency and the House of Representatives and the Shura Council, pointing out that although the issue of third party insurance for cars is the issue of complex and interrelated and interlinked set of interests is the mechanism that had been reached in the new tariffs take into account justice and fairness for all parties to the process of insurance ».

And insurance premiums beginning in the new tariff, effective from 53 Bahraini dinars for private cars with engine capacity of 1400 cc Cubism to BD 83 for private cars with engine capacity of 3651 cc Cubism or more, to give drivers with clean traffic record and who may reach a degree to 80% discount rate of 5% for the first year of claims-free and 10% for two years and 15% for three years and 20% for four years or more.

This will enable the resolution of the insurance companies increased the premium by 25% at the time of the first claim for damage to property or bodily injury, and 50% and 100% in the case of the second claim and third claim, respectively. Imposed in addition to the premium by 100% in case of accidents that lead to death, will also be able to increase the insurance premium by 25% of the basic price of the annual insurance in cases that do not exceed the age of the insured by 24 years, and the rate of 50% of the vehicles sports identified by the Foundation from time to time.