Amendments To The Cabinet Of Ministers Of 22 March 2005, Regulations No 195 ' Road Vehicle Insurance Against Civil Liability In Respect Of The Guarantee Fund Of Compulsory Insurance, Storage And Administration Arrangements "

Original Language Title: Grozījumi Ministru kabineta 2005.gada 22.marta noteikumos Nr.195 "Sauszemes transportlīdzekļu īpašnieku civiltiesiskās atbildības obligātās apdrošināšanas garantijas fonda izveidošanas, uzkrāšanas un administrēšanas kārtība"

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/173107

Cabinet of Ministers Regulations No. 197, Riga, 25 March 2008 (pr. No 19 17) amendments to the Cabinet of Ministers of 22 March 2005, regulations No 195 "road vehicle insurance against civil liability in respect of the guarantee fund of compulsory insurance, storage and administration order" Issued under the motor liability insurance Act, compulsory article 51 ninth part 1. make Cabinet of 22 March 2005, regulations No. 195 "Sa ground vehicle liability insurance šināšan of the minimum guarantee fund, and of the arrangements for the administration of accumulation" (Latvian journal , 2005, nr. 49, 2006, 96 no, 2007, 65 no) the following amendments: 1. make paragraph 8 by the following: "8. The Fund shall make payments into the Fund in local currency. Foreign currency Fund to deposit in the Office of vehicle insurance subrogation in order recover funds for road traffic accident injury, donations and gifts to option 3, as well as the revenue of the Fund storage and the lay. ";
1.2. to express such paragraph 11: "11. Insurers make regular monthly deductions from land trans portlīdzekļ insurance against civil liability in respect of insurance premiums (hereinafter referred to as the regular monthly deductions). Regular monthly at purposes shall be determined in accordance with the provisions of point 1 of the annex to each sa ground TRANS portlīdzekļ insurance against civil liability in respect of the insurance contract in this horse, which entered into force during the reference period (one calendar month). "
1.3. to supplement the provisions under point 11.1 the following: "vehicle insurance 11.1 the Office not later than 20 days after the end of the writing of the ce turkšņ collects information on the total amount of the Fund to the quarter by lay day. Not later than 30 days after the end of the quarter the trans portlīdzekļ insurance šinātāj Office shall notify the insurer in writing about the Fund's total amount of Lee dzekļ, if it is found that the insurer must stop to pay regular monthly deductions or to initiate pay regular monthly deductions. ' ';
1.4. make 12. paragraph by the following: "receiving the Vehicle 12 insurers Bureau statement on the Fund total amount: 12.1 if the total amount of Fund resources is more than 14 000 000 lats-the insurer does not make regular monthly deductions;
12.2. If the total amount of the Fund is from līdz14 000 000 12 000 000 LVL lats-the insurer made regular monthly deductions in accordance with the provisions of paragraph 11;
12.3. If the total amount of Fund resources is less than 12 000 000 lats-the insurer made regular monthly deductions in accordance with the provisions of paragraph 11 of the double. "
1.5. to supplement the provisions under paragraph 12.1 follows: 12.1 12.2. These provisions "or 12.3 below. in the case referred to in paragraph šinātāj of the insurance at regular monthly deductions made, starting with the next calendar attempts were bringing following the quarter in question. The insurer at regular monthly for tījum to play including fund within 15 days after the end of each reporting period. If the decision of the term late in MIA, the insurer shall, in addition to the amount charged includes interest from 0.1 the amount for each delayed day. ";
1.6. the express 16. paragraph by the following: "16. vehicle insurance office handles the Fund decides on the storage and transfer of funds-and the responsibility for these funds."
1.7. delete paragraph 21;
1.8. the deletion of paragraph 2 of the annex.
2. within five days of the entry into force of these rules for vehicle insurers Bureau collects information on the total amount of Fund resources to ie šēj joy calendar the last day of the month and notify in writing around the safe šinātāj. Prime Minister i. Godmanis Finance Minister a. Slakter States