SCHEDULES
SCHEDULE 3Motor insurance industry: certificates of insurance
I11
The Road Traffic Act 1988 is amended as follows.
I22
In section 147 (issue and surrender of certificates of insurance and of security”)—
a
in subsection (1A), for the words from “this Part of this Act” to “subsection (1) above” substitute “
subsection (1) as having been delivered
”
;
b
in the heading, omit “and surrender”.
I33
In section 148 (avoidance of certain exceptions to policies or securities), in subsection (1), for the words from “Where a certificate” to “has been given,” substitute “
Where a policy or security is issued or given for the purposes of this Part of this Act,
”
.
I44
1
Section 151 (duty of insurers or persons giving security to satisfy judgment against persons insured or secured against third-party risks) is amended as follows.
2
In subsection (1), for the words from “a certificate of insurance” to “security has been given,” substitute “
a policy or security is issued or given for the purposes of this Part of this Act,
”
.
3
In subsection (2)(a), omit “to which the certificate relates”.
I55
In section 152 (exceptions to section 151), in paragraph (c) of subsection (1), omit the words from “, and also” to the end of the paragraph.
I66
In section 153 (bankruptcy, etc, of insured or secured persons not to affect claims by third parties), in subsection (1), for the words from “a certificate of insurance” to “security has been given,” substitute “
a person has effected a policy of insurance or been given a security for the purposes of this Part of this Act,
”
.
I77
In section 161 (interpretation), omit subsection (2).