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LithuaniaEtar

Government sends insurer recovery and resolution package to Seimas

The Government approved the insurer recovery and resolution bill plus twelve related drafts for the Seimas; compliance teams should track readings before changing plans.

By Taxxa AI OyPublished 12 November 2026

Financial Sector & Markets

Industry: Insurance · Reinsurance

The Government has approved for submission to the Seimas a new law establishing a recovery and resolution system for draudimo ir perdraudimo įmonėsE TAR E TAR, together with twelve related draft amendmentsE TAR. Lietuvos Respublikos Vyriausybės 2026 m. lapkričio 11 d. nutarimas Nr. 861E TAR endorses the drafts and tables them before the SeimasE TAR, so the package now awaits parliamentary considerationE TAR and creates no duties yet.

The lead draft is the new Lietuvos Respublikos draudimo ir perdraudimo įmonių gaivinimo ir pertvarkymo sistemos įstatymasE TAR. Alongside it go amendments to the Lietuvos banko įstatymas Nr. I-678 covering articles 8, 11, 21(1), 43 and 43(3) plus annexes 2 and 3; two amendments to the Finansinio tvarumo įstatymas Nr. XI-393, one touching articles 2, 8, 17, 96, 98, 99 and 107 with its annex and another amending article 1 of the earlier Nr. XV-850 revision; an amendment to Vertybinių popierių įstatymas Nr. X-1023 article 27 with its annex; an amendment to the cross-border conversions, mergers and divisions law Nr. X-1367 article 1 with its annex; an amendment to Finansinio užtikrinimo susitarimų įstatymas Nr. IX-2127 article 3 with its annex; and an amendment to Akcinių bendrovių įstatymas Nr. VIII-1835 article 1 with its annex.

The package also carries procedural and guarantee-scheme changes: Administracinių bylų teisenos įstatymas Nr. VIII-1029 articles 70, 89, 100 and 101; Civilinio proceso kodeksas articles 145, 163, 166, 267(1), 626 and 627; Civilinis kodeksas article 6.116; Indėlių ir įsipareigojimų investuotojams draudimo įstatymas Nr. IX-975 articles 38 and 44 with a new fourth(1) section; and a broad revision of Draudimo įstatymas Nr. IX-1737 spanning dozens of articles from article 2 to article 222, retitling the third section of chapter VIII, amending its annex, adding articles 55(1), 56(1), 71(2), 71(3) and 71(4), and adding first(1) and third(1) sections to its second chapter.

To represent the Government during the Seimas readings the resolution authorises finansų ministras Taurimas Valys, and if he cannot attend, finansų viceministras Janušas Kizenevičius, and if he too cannot attend, finansų viceministrė Rūta CarikE TAR. The resolution is signed by Ministras Pirmininkas Mindaugas SinkevičiusE TAR and Finansų ministras Taurimas ValysE TAR. The resolution itself sets no application dates or transitional rulesE TAR — its operative part approves the drafts, tables them before the Seimas and names the Government representatives; substance and timing will come, if at all, from the Seimas acts.

Legal basis is Lietuvos Respublikos Vyriausybės 2026 m. lapkričio 11 d. nutarimas Nr. 861 dėl draudimo ir perdraudimo įmonių gaivinimo ir pertvarkymo sistemos įstatymo projekto ir su juo susijusių įstatymų projektų pateikimo SeimuiE TAR.

Sources

Dėl Lietuvos Respublikos draudimo ir perdraudimo įmonių gaivinimo ir pertvarkymo sistemos įstatymo projekto ir su juo susijusių įstatymų projektų pateikimo Lietuvos Respublikos Seimui