Discussion
raksp said:
Compulsory insurance or security against third-party risks
Users of motor vehicles to be insured or secured against third-party risks.
143.—(1) Subject to the provisions of this Part of this Act—
(a) a person must not use a motor vehicle on a road unless there is in force in relation to the use of the vehicle by that person such a policy of insurance or such a security in respect of third party risks as complies with the requirements of this Part of this Act, and
(b) a person must not cause or permit any other person to use a motor vehicle on a road unless there is in force in relation to the use of the vehicle by that other person such a policy of insurance or such a security in respect of third party risks as complies with the requirements of this Part of this Act.
(2) If a person acts in contravention of subsection (1) above he is guilty of an offence.
(3) A person charged with using a motor vehicle in contravention of this section shall not be convicted if he proves—
(a) that the vehicle did not belong to him and was not in his possession under a contract of hiring or of loan,
(b) that he was using the vehicle in the course of his employment, and
(c) that he neither knew nor had reason to believe that there was not in force in relation to the vehicle such a policy of insurance or security as is mentioned in subsection (1) above.
(4) This Part of this Act does not apply to invalid carriages.
Exceptions from requirement of third-party insurance or security.
144.—(1) Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the Supreme Court the sum of £15,000, at a time when the vehicle is being driven under the owner's control.
Users of motor vehicles to be insured or secured against third-party risks.
143.—(1) Subject to the provisions of this Part of this Act—
(a) a person must not use a motor vehicle on a road unless there is in force in relation to the use of the vehicle by that person such a policy of insurance or such a security in respect of third party risks as complies with the requirements of this Part of this Act, and
(b) a person must not cause or permit any other person to use a motor vehicle on a road unless there is in force in relation to the use of the vehicle by that other person such a policy of insurance or such a security in respect of third party risks as complies with the requirements of this Part of this Act.
(2) If a person acts in contravention of subsection (1) above he is guilty of an offence.
(3) A person charged with using a motor vehicle in contravention of this section shall not be convicted if he proves—
(a) that the vehicle did not belong to him and was not in his possession under a contract of hiring or of loan,
(b) that he was using the vehicle in the course of his employment, and
(c) that he neither knew nor had reason to believe that there was not in force in relation to the vehicle such a policy of insurance or security as is mentioned in subsection (1) above.
(4) This Part of this Act does not apply to invalid carriages.
Exceptions from requirement of third-party insurance or security.
144.—(1) Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the Supreme Court the sum of £15,000, at a time when the vehicle is being driven under the owner's control.
Reading the above about insurance laws. Am I right in saying that giving 15,000 means you do not have to pay insurance?? And if that is correct is this driving any car or 15K per car? And do you get the 15,000 back?
I take it though if you have a fault accident you would have to pay up.
Edited by raksp on Wednesday 16th May 14:18
That sum of £15,000 was increased to £500,000 by Section 20 RTA 91 and MV (Third Part Risk Depoist)Regs 1992.
Not intended for the individual but for those owning/operating a large number of vehicles such as Local Authorities, Police Forces etc where it would not be prudent to insure each and every individual vehicles on its own certificate.
dvd
Not intended for the individual but for those owning/operating a large number of vehicles such as Local Authorities, Police Forces etc where it would not be prudent to insure each and every individual vehicles on its own certificate.
dvd
Dwight VanDriver said:
That sum of £15,000 was increased to £500,000 by Section 20 RTA 91 and MV (Third Part Risk Depoist)Regs 1992.
Not intended for the individual but for those owning/operating a large number of vehicles such as Local Authorities, Police Forces etc where it would not be prudent to insure each and every individual vehicles on its own certificate.
dvd
Not intended for the individual but for those owning/operating a large number of vehicles such as Local Authorities, Police Forces etc where it would not be prudent to insure each and every individual vehicles on its own certificate.
dvd
500K seems a more realistic figure. so do they need to register each car and driver?
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