IMPROVEMENTS TO LEGAL REGULATION OF INSURANCE BUSINESS IN LATVIA

Abstract

The paper examines the principal stages of development of legal regulation of insurance market in Latvia. It comprises the issues of legal groundwork for insurance relationships in Latvia. The paper comprises the analysis of particular weaknesses and the urgent problems of legal regulation of property insurance in the Latvian Republic. The paper contains the description of the improvement opportunities for legal regulation of Insurance Law, since the revealed shortcomings impede the implementation of insurance contractual relationships in the EU unified legal framework.