2024-05-30 23:56:25
Amendments are anticipated to be made within the legislation on obligatory civil legal responsibility insurance coverage of householders of land autos.
Because the representatives of the Ministry of Finance famous on the fee assembly, the adjustments are vital as a result of the losses prompted to individuals in accidents brought on by electrical scooters will be comparatively heavy. From April 1 of this 12 months, registration of electrical scooters is obligatory, and it’s deliberate that the duty to insure them will come into power on January 1, 2025.
The draft legislation additionally plans to ensure fast and full compensation to the victims within the occasion that the insurer of the automobile accountable for the accident has been declared bankrupt or liquidated. It’s supposed that the losses will likely be coated by the Assure Fund if the insolvency course of or liquidation has been initiated for an insurance coverage firm registered in Latvia or for an insurance coverage firm registered in a rustic of the European Financial Space and the losses have been prompted to a resident of Latvia.
The amendments are additionally supposed to make clear the norms associated to accidents involving trailers pulled by autos, in addition to the cooperation of establishments within the trade of data and processing of private knowledge.
2024-05-30 23:56:25