Extracted from source documents

BAN Motor third-party liability (Octa Standartligums)

Underwritten by "Baltijas Apdrošināšanas Nams" AAS · Latvia

motor third-party liability insurance from BAN for the Latvia market, with online purchase and 24/7 assistance.

Last verified Aug 28, 2026Sources

Online purchase24/7 helpline

Unique selling points

7% discount is offered when purchasing MTPL (OCTA) online.

Flexible policy terms of 1, 3, 6, 9 or 12 months are available instead of a fixed annual term.

The policy can be calculated and purchased fully online in minutes, 24/7, via the polise.ban.lv portal.

A round-the-clock claims assistance phone line is available for reporting accidents.

The policy can also be purchased offline through a wide network including BAN service centres, CSDD branches and fuel stations across Latvia.

Coverage limits

Liability limit (covers injury + property damage)

One combined sum for both bodily injury and property damage, not two separate limits.

€5.2M

Legal defence costs

No limit stated

Not included in BAN's OCTA policy.

Green Card / international certificate

No limit stated

The standard OCTA contract already extends to EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina and the UK without a separate Green Card.

Page 2

Section: Kur es esmu apdrošināts?

Eiropas Ekonomiskās zonas valstīs, kā arī Šveices Konfederācijā, Serbijā, Andorā, Bosnijā un Hercegovinā, Lielbritānijas un Ziemeļīrijas Apvienotajā Karalistē

Roadside assistance

No limit stated

Not included in BAN's OCTA policy.

Excluded

Driver personal accident

Excluded

The IPID explicitly states that damage the policyholder causes to themselves or their own property with their vehicle is not indemnified under the OCTA contract.

Page 1

Section: Kas netiek apdrošināts?

Zaudējumi, ko ceļu satiksmes negadījumā ar Jūsu transportlīdzekli esat nodarījis sev vai savai mantai;

Passenger accident

No limit stated

No dedicated passenger-accident rider; passengers injured in an accident caused by the insured vehicle are compensated as third parties under the personal-injury liability limit, with no standalone benefit amount stated.

Key conditions

Driver restrictions

No driver age, experience or other eligibility restrictions are specified for this product.

Claim notification deadline

No later than 10 days from the accident, the policyholder must notify BAN of the accident and, if an Agreed Statement form was used, submit the completed form.

Bonus-malus rules

Premiums are calculated using a 17-class bonus-malus system: classes 1–5 are increased-risk 'malus' classes, class 6 is the neutral starting class, and classes 7–17 are reduced-risk 'bonus' classes, assigned by LTAB based on the owner's accident history and insured days over the previous 11 years.

Territorial scope

Coverage applies in EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina, and the UK; when driving abroad within these countries the original printed policy must be carried, and if an accident occurs outside Latvia the claim is governed by the law of that country. Other countries require a Green Card.

Documents

OCTA Insurance Product Information Document (IPID) (opens in a new tab)

Product information sheet · PDF

Policy specifics

Third-party liability coverage

Compulsory civil liability insurance covering damages caused to third parties and their property in traffic accidents

SourcePage 1

Section: Kas tiek apdrošināts?

Ar Jūsu transportlīdzekli ceļu satiksmes negadījumā nodarītie zaudējumi citu personu mantai (tajā skaitā transportlīdzeklim), veselībai un personai nodarītais nemantiskais kaitējums (atkarībā no valsts, kur noticis ceļu satiksmes negadījums).

Personal injury compensation

Coverage for material and non-material damages caused to third parties (persons) up to specified limits per victim

Source

Property damage compensation

Coverage for damages to third-party property, vehicles, roads, buildings, structures and environment

Source

Geographic coverage area

OCTA standard contract valid in EEA countries, Switzerland, Serbia, Andorra, Bosnia and Herzegovina, and UK

SourcePage 2

Section: Kur es esmu apdrošināts?

Eiropas Ekonomiskās zonas valstīs, kā arī Šveices Konfederācijā, Serbijā, Andorā, Bosnijā un Hercegovinā, Lielbritānijas un Ziemeļīrijas Apvienotajā Karalistē

Claims settlement procedure

BAN processes claims directly to injured parties rather than through reimbursement model; decision made within one month of receiving all documents

Source

Policy term flexibility

OCTA policies can be purchased for flexible periods: 1, 3, 6, 9, or 12 months

Source

Electronic policy format validity

E-policies (electronic policies) issued via distance communication are valid without requirement to carry printed version within Latvia

Source

Section: From June 1st, drivers will no longer be required to carry their MTPL policies and stickers.

a standard MTPL contract (e-policy) concluded via distance communication (internet) will be valid without the original insurance policy. This will simplify the purchase of MTPL for vehicle owners;

Sources

BAN Motor third-party liability

Get a quote from BAN(opens in a new tab)Compare Motor third-party liability insurers in Latvia
Get a quote from BAN(opens in a new tab)