20 Exception from requirement of third-party insurance.E+W+S
(1)Section 144 of the M1Road Traffic Act 1988 shall be amended as follows.
(2)In subsection (1) (which removes the requirement for third-party insurance or security where £15,000 is kept deposited with the Accountant General of the Supreme Court) for “£15,000” there shall be substituted “ £500,000 ”.
(3)After subsection (1) there shall be inserted—
“(1A)The Secretary of State may by order made by statutory instrument substitute a greater sum for the sum for the time being specified in subsection (1) above.
(1B)No order shall be made under subsection (1A) above unless a draft of it has been laid before and approved by resolution of each House of Parliament.”
Commencement Information
I1S. 20 wholly in force at 1.7.1992 see s. 84 and S.I. 1992/1286, art. 2, Sch.
Marginal Citations