Expanding this abbreviation, LTAB is the Latvian Motor Insurers' Bureau. LTAB is an association that hosts all insurance companies that are entitled to insure the civil liability of land vehicle owners, in short, those insurance companies that are licensed to trade in MTPL.
At the time of writing, the following insurance companies have been registered in the LTAB system: ERGO, BALTA, Gjensidige, BTA, Compensa, Swedbank, IF and Baltijas Apdrošināšanas Nams. The CSDD, FCMC, LAA, State Police, Border Guard and State Technical Supervision Agency are also entitled to use the LTAB system.
The purpose of LTAB
The main goal of this association is to ensure the protection of the interests of third parties injured in road traffic accidents in Latvia and Green Card member states. LTAB updates the MTPL legislation in the responsible institutions and at the same time LTAB is the MTPL guarantee fund administrator.
What is a guarantee administration fund?
Insurance companies that are members of LTAB make a specific cash contribution to the guarantee fund, which in turn forms a provision. The purpose of this guarantee fund is to ensure the payment of insurance indemnity to cover losses caused by:
- A vehicle whose owner has not insured his civil liability
- Unidentified vehicle that has caused damage to a third party
- A vehicle whose driver 's fault cannot be proved
- Vehicle in respect of which the insurer of the owner's civil liability has been declared insolvent.
You can find more detailed information about other cases in the Likumi.lv section MTPL law.
How LTAB helps drivers
LTAB is an assistant for both insurers and drivers. It provides insurers with a common data system on the losses of a particular vehicle, issues insurance history certificates, provides a search for an insurer in charge and other services.
Drivers can find the following information on the LTAB website:
- Check MTPL policy (validity period and where the policy was issued)
- Find out what policy is required when going abroad
- Find out how to file claim
- Understand how to complete the Agreed Statement
- The victim of the road traffic accident can find out what compensation the recipient can receive
- Learn what to do if an accident happened abroad
- How to find out the road traffic accident's culprit insurer
- Learn how Bonus Malus works
- Ask other questions to the bureau.
LTAB contacts
Address: Toma street 4, Riga, LV-1003, 3rd floor, 317th room (entrance from Mazā Krasta street)
Phone: +371 67 114 300
E-mail: [email protected]
Working hours: Work days 8.30 – 17.00, Weekends and holidays - Closed. On-site clients are accepted
only by prior appointment.