Development of Latvian Insurance Contract Law Under the Influence of European Union Law

Abstract

The aim of the article is to analyse the process of application of the Insurance Contract Law in Latvia in 2018 and topropose amendments to this law to eliminate the ambiguities and shortcomings therein. This article examines thedevelopment of insurance contract law in Latvia in the light of the entry into force of the renewed law regulating thesecontractual relations, the Insurance Contract Law, in 2018. The main methods used were analysis and synthesis, scien-tific induction and deduction, comparative method and observation. Analysing the problems in the practical applicationof the renewed law, the author concludes that prima facie the renewed law needs to be clarified in certain parts andproposes solutions.