SCHEDULE 1Amendments of primary legislation to remove securities and deposits as alternatives to motor insurance
PART 1Amendments of the Road Traffic Act 1988
11
1
Section 148 (avoidance of certain exceptions to policies or securities)24 is amended as follows.
2
In the heading, omit “or securities”.
3
In subsection (1)—
a
in the words before paragraph (a)—
i
for “or security is issued or given” substitute “is issued”; and
ii
omit “or security”;
b
omit paragraph (b) and the “or” preceding that paragraph; and
c
in the words after paragraph (b), omit “(as the case may be)”.
4
In subsection (3), omit “or the giver of a security”.
5
In subsection (4)—
a
omit “or the giver of a security”;
b
omit “or security”; and
c
omit “or giver of the security”.
6
In subsection (5)—
a
in the words before paragraph (a), for “or security issued or given” substitute “issued”;
b
in paragraph (a), omit “or security”; and
c
in the words following paragraph (b), omit “or security”.
7
In subsection (6)—
a
omit “or security” in both places;
b
omit “or secured”; and
c
omit “or the giver of the security”.