Bank of Lithuania

The Board of the Bank of Lithuania decided to amend the insurance activity licence of AB “Lietuvos draudimas”, which was issued by the Insurance Supervisory Commission of the Republic of Lithuania in 2005, by terminating the part of the licence, which grants the right to engage in the provision of insurance services for insuring performance of travel organiser’s obligations.

The licence was amended under the request of AB “Lietuvos draudimas”. This company ceased concluding new contracts for the insurance of the performance of travel organiser’s obligations from 2010.