Development of Latvian Insurance Contract Law Under the Influence of European Union Law

The aim of the article is to analyse the process of application of the Insurance Contract Law in Latvia in 2018 and to propose amendments to this law to eliminate the ambiguities and shortcomings therein. This article examines the development of insurance contract law in Latvia in the light of the entry into force of the renewed law regulating these contractual relations, the Insurance Contract Law, in 2018. The main methods used were analysis and synthesis, scientific induction and deduction, comparative method and observation. Analysing the problems in the practical application of the renewed law, the author concludes that prima facie the renewed law needs to be clarified in certain parts and proposes solutions.