Insurance Law in Latvia

The Author

List of Abbreviations

Preface

General Introduction

Part I. The Insurance Company

Chapter 1. The Insurance Company: Its Form

Chapter 2. Access to Business: Authorisation – Requirements and Procedures

Chapter 3. Supervision

Chapter 4. Technical Reserves and Investments

Chapter 5. Accountancy

Chapter 6. Taxation of the Company

Part II. The Insurance Contract: General

Chapter 1. Generalities (Characteristics, Interpretation, Categories, General Principles)

Chapter 2. Essential Elements (Essentialia Negotii) of an Insurance Contract

Chapter 3. Formation of the Insurance Contract (Precontractual Phase, Actual Formation of the Contract, Validity Requirements, Proof of the Contract; Insurance Policies)

Chapter 4. Term of an Insurance Contract

Chapter 5. Duties of a Policyholder (Insured)

Chapter 6. Duties of the Insurer

Chapter 7. Insurance and Third Parties (Third-Party Beneficiary Clauses, Direct Action, etc.)

Chapter 8. Duty to Pay Interest

Chapter 9. Termination of the Insurance Contract (End of Term, Disappearance of the Risk, Cancelling of the Contract, Statute of Limitations, etc.)

Chapter 10. Limitation Period (Prescription Period)

Part III. Property and Civil Liability Insurance

Chapter 1. Property and Liability Insurance in General

Chapter 2. Property Insurance in General

Chapter 3. Liability Insurance (General Liability Insurance, Professional Liability, Product Liability, Environmental Insurance, etc.)

Chapter 4. Other Specific Types of Insurance

Part IV. Motor Insurance

Chapter 1. General Overview

Chapter 2. Types of Motor Insurance Contracts

Chapter 3. Duty to Conclude a Motor Insurance Contract

Chapter 4. Essential Elements

Chapter 5. Formation, Entry into Force and Termination of the Motor Insurance Contract

Chapter 6. Procedure for Submitting a Claim and Its Assessment by the Insurer or the Latvian National Insurers’ Bureau

Chapter 7. Recourse Claim (Subrogation)

Part V. Personal Insurance (Insurance of the Person)

Chapter 1. Private Health Insurance

Chapter 2. Accident Insurance

Chapter 3. Life Insurance

Chapter 4. Pension Funds

Part VI. Insurance Intermediaries

Chapter 1. Scope of the Act

Chapter 2. Supervision Activities

Chapter 3. Scope of Supervision

Part VII. Reinsurance and Co-insurance

Chapter 1. Reinsurance

Chapter 2. Co-insurance

Chapter 3. Insurance Pools

Part VIII.Taxation of Insurance

Chapter 1. Value Added Tax

Chapter 2. Personal Income Tax

Chapter 3. Enterprise Income Tax

Part IX. Risk Management and Prevention

Chapter 1. Guarantee Fund Within Motor Insurance

Chapter 2. Insured Protection Fund

Chapter 3. Medical Treatment Risk Fund

Selected Bibliography

Index