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18.09.2017

Amendments to the Law on Compulsory Insurance – a step forward or backwards?

Legal news portal Infolex.lt published an article “Amendments to the Law on Compulsory Insurance – a step forward or backwards?”, in which Deividas Užkurys, junior associate at Primus Lithuania, reviewed the essential changes of the law and its impact on insurance relations and entities.

On 12 September, Seimas approved the draft amendments to the Law on Compulsory Insurance Against Civil Liability in Respect of the Use of Motor Vehicles, which may extend the institution for compensation of non-pecuniary damage. This law regulates the insurance relations between policyholders, injured, insurers and the Bureau of Insurers, and in the public this type of insurance is better known as compulsory insurance, which must be purchased by every person, who is in primary control of the vehicle. If Seimas finally approves the amendments to the law, the protection balance between the interests of all the above-mentioned entities will change substantially.

Read the article (in Lithuanian) here.

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