Since LTAB admits its guilt in nthe infringement and undertakes not to appeal the KP decision, a reduction of the fine has been applied.
According to the Law on Compulsory Civil Liability Insurance of Land Vehicle Owners (OCTA), participation in the LTAB is a prerequisite for the commencement of activities in the OCTA market in Latvia.
To become a Member of the LTAB, several requirements had to be fulfilled for more than ten years, including a one-off accession…
Comments are closed