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Būsto Paskolų Draudimas UAB (hereinafter the Company) is a company incorporated and operating according to the resolution No. 739 of 18 June 1998 of the Government of the Republic of Lithuania “On Company for Housing mortgage Insurance” (Žin., 1998, No. 57-1603; 2005, No. 98-3703).

In its operations the Company follows:
The Civil Code of the Republic of Lithuania (Žin., 2000, No. 74),
The Law on Insurance of the Republic of Lithuania (Žin., 2003, No. 94-4246),
The Law on Companies of the Republic of Lithuania (Žin., 2003, No. 123-5574),
Resolutions of the State Insurance Supervisory Commission of the Republic of Lithuania, orders of the Minister of Finance of the Republic of Lithuania, other legal acts, company’s Articles of Association approved by the order No. 99 of 15 April 1999 of the Minister of Finance of the Republic of Lithuania (the new version of the order: order No. 1K-155 of 11 May 2005 of the Minister of Finance of the Republic of Lithuania) and other internal normative documents.
The Company is an insurance company incorporated by the Government of the Republic of Lithuania; under cooperation agreements, it insures mortgages (mortgagegs) granted by banks or other credit institutions registered in the Republic of Lithuania and intended for housing procurement, construction, reconstruction, refurbishment or procurement of land plots and housing construction and for modernisation of multi-apartment houses.

Activities of the Company contribute to effective solutions of the issues related to provision of housing to citizens of the Republic of Lithuania and the issues related to modernisation of multi-apartment houses; the activities encourage banks to credit housing by creating more favourable credit conditions for mortgage recipients who intend to procure and update their housing.