A few of the changes and additions to MTPL law are:
- vehicle owners who sell their MTPL insured vehicle will recoup the unused portion of the insurance premium, and their MTPL contract will no longer be available for that particular vehicle;
- vehicles imported from outside Latvia need to be insured under an OCTA contract within 30 days of registration day;
- if a vehicle is used in activities other than the one specified when the MTPL was signed (for example, a personal vehicle being used as a public transport taxi), the contract will automatically expire, and the vehicle will need to be insured again with a new MTPL contract stating the real purpose;
- MTPL contracts can be terminated prematurely if the insurer is revoked, self-liquidation is initiated, or the vehicle has a changed identification number;
- alignment of compensation limits for bodily injuries and property damage to current European regulations;
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