Lithuanian MIB

Lithuanian MIB is rated 3 out of 5 in the category insurance. Read and write reviews about Lithuanian MIB. The main objective of the Bureau is to implement the Law on Compulsory Motor Third Party Liability Insurance of the Republic of Lithuania. According to this Law, the Bureau performs the following functions: 1) coordinates the activities of the insurance companies related to Compulsory Motor Third Party Liability Insurance; 2) ensures the development and functioning of the system of Compulsory Motor Third Party Liability Insurance; 3) pays insurance benefits in cases provided in the Law on Compulsory Motor Third Party Liability Insurance of the Republic of Lithuania; 4) acts as a compensation body, handle claims and pay compensations as required by the legal acts regulating the Green Card system; 5) acts as an information centre; 6) organizes and coordinates international cooperation in the field of Compulsory Motor Third Party Liability Insurance and conclude appropriate agreements; 7) performs the functions commissioned by the Council of Bureaux.