Insurance supervision scheme in Lithuania: administrative legal view on the institutional accountability aspect

  • Tomas Žilinskas Mykolas Romeris University
  • Ieva Deviatnikovaitė Mykolas Romeris Universi
Keywords: accountability, financial supervision, insurance supervision

Abstract

This article is aimed at revealing the concept and main aspects of accountability of financial market supervision institutions for their activities. The subject of the present article covers the key aspects of accountability for the supervision of activities of the insurance market in the Republic of Lithuania. As widely known the supervision model of the financial market in the Republic of Lithuamia has been changed – specialised financial market supervision was replaced by the consolidated market supervision. The article identifies the major problems of accountability for the supervision of insurance activities under different supervision activity models.

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Published
2019-02-22
How to Cite
Žilinskas, T., & Deviatnikovaitė, I. (2019). Insurance supervision scheme in Lithuania: administrative legal view on the institutional accountability aspect. Administrative Law and Process, (3(5), 207-216. Retrieved from https://applaw.net/index.php/journal/article/view/547