Bank of Lithuania

The Board of the Bank of Lithuania made amendments to the insurance activity licence issued to ADB “ERGO Lietuva” by the Insurance Supervisory Commission of the Republic of Lithuania on 15 March 2005.

The licence now contains another legal status of the company, which has been changed from a closed joint stock insurance company into a joint stock insurance company.  The part of the licence, which allowed for insurance activities related with the third party liability of the operators of flying machines and legal expenses. ADB “ERGO Lietuva” does not have any insurance agreements of this type in effect at the present time.