Cabinet of Ministers Regulation No 438 in Riga august 5, 2003 (pr. No 43, § 29) amendments to the Cabinet of Ministers of 13 May 1997, regulations no 180 "land vehicle liability compulsory insurance of guarantee (reserve) Fund Rules" Issued under the motor liability insurance Act, compulsory article 44 in the sixth to make a Cabinet of 13 May 1997, regulations no 180 "land vehicle liability compulsory insurance of guarantee (reserve) Fund Rules" (Latvian journal, 1997, no. 121 of 1998; 289.,/290.nr.; in 1999, 48./49.nr.; 2000, 466./469.nr.; 2002, nr. 48) the following amendments: 1. provisions supplementing with 11.1 and 11.2 point as follows: "to be able to get special 11.1 permission (license) ground vehicle owners civil liability compulsory insurance, the insurance company before the submission of the relevant documents, the insurer made a one-time contribution this provision set out in point 14.
11.2 If the insurance company refused to issue a special permit (license) ground vehicle owners civil liability compulsory insurance, traffic Office of the Fund repaid this provision in accordance with the procedure laid down in paragraph 11.1 the amount within five working days after the approved financial and capital market Commission of receipt of the copy of the decision. "
2. Replace paragraph 14 with the number "5000" figure "400,000".
3. Delete paragraph 15.
4. Make the following paragraph 21: ' 21. funds of the Fund shall be decided by the Council of the Fund investment. "
5. Be deleted 36.
6. Supplement with 36.1 and 36.2 of the following paragraph: "36.1 to 2003 September 1 is recalculated by setting each insurance company Fund contributed the deduction of land vehicle liability compulsory insurance premiums. If the total is less than the rules referred to in paragraph 14 of the contribution, the insurance company during the year, including the Foundation of the difference of their respective duties to each quarter in the 15th date last month.
36.2 the insurance company, which, in accordance with the laws and regulations stopped (withdrawn) license of vehicle owners civil liability compulsory insurance, the insurance undertaking after the settlement of the Fund's resources shall repay the insurance company contribution that remaining after the liquidation. "
7. Supplement with 38 as follows: "38. paragraph 21 of rules shall enter into force with special cabinet rules."
Prime Minister e. Repše Finance Minister v. dombrovsky Editorial Note: rules shall enter into force on august 9, 2003.