Chapter four

Motor Insurers’ Bureau of the Republic of Lithuania

Article 24. Motor Insurers’ Bureau of the Republic of Lithuania: Conception and Status

1. The Bureau is an association of insurers authorised to conduct the business of compulsory insurance against civil liability in respect of the use of motor vehicles in the Republic of Lithuania, established pursuant to Recommendation No 5 adopted on 25 January 1949 by the Road Transport Sub-committee of the Inland Transport Committee of the United Nations Economic Commission for Europe and discharging the functions set forth in this Law.

2. When organising and coordinating international cooperation in the field of compulsory insurance against civil liability in respect of the use of motor vehicles, the Bureau may use its name translated into English.

Article 25. Amendments to the Statutes of the Bureau

Any amendments to the Statutes of the Bureau shall be coordinated with the Ministry of Finance before their registration in the Legal Entities Register.