Office of Public Sector Information
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Statutory Instruments
ROAD TRAFFIC
Made
10th May 2007
Laid before Parliament
15th May 2007
Coming into force
11th June 2007
The Secretary of State for Transport makes the following Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972(1).
The Secretary of State for Transport is a Minister designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to compulsory insurance in respect of, and other means of providing for, civil liability in relation to motor vehicles and trailers(2).
1. These Regulations may be cited as the Motor Vehicles (Compulsory Insurance) Regulations 2007 and shall come into force on 11th June 2007.
2.—(1) The Road Traffic Act 1988(3) is amended as follows.
(2) In section 145(4)(b) (requirements in respect of policies of insurance) for “£250,000” substitute “£1,000,000”.
(3) In section 151(6) (duty of insurers or persons giving security to satisfy judgment against persons insured or secured against third-party risks) for “£250,000”, in each place where it occurs, substitute “£1,000,000”.
Signed by authority of the Secretary of State for Transport
S. J. Ladyman
Minister of State
Department for Transport
10th May 2007
(This note is not part of the Regulations)
These Regulations implement provisions of Directive 2005/14/EC(4) of the European Parliament and of the Council of 11th May 2005, amending Council Directives 72/166/EEC(5), 84/5/EEC(6), 88/357/EEC(7) and 90/232/EEC(8) and Directive 2000/26/EC(9) of the European Parliament and of the Council relating to insurance against civil liability in respect of the use of motor vehicles.
Directive 2005/14/EC increases the minimum level of compulsory insurance required for motor vehicles in respect of property damage under Article 1.2(b) of Directive 84/5/EEC to 1 million Euros per claim. In order to ensure compliance with this requirement, in the light of possible currency fluctuations, the sum of £1 million has been substituted.
A copy of the regulatory impact assessment prepared in respect of these Regulations is available from the Licensing, Roadworthiness and Insurance Division, of the Department for Transport, Zone 1/34, Great Minster House, 76, Marsham Street, London SW1P 4DR. A copy has been placed in the library of each House of Parliament. The regulatory impact assessment may also be accessed at the Office of Public Sector Information website at www.opsi.gov.uk.
A transposition note is available and can be obtained from the Department for Transport as above.
A copy of Council Directive 2005/14/EC can be obtained from the Office of Public Sector Information.
The Motor Vehicles (Compulsory Insurance) Regulations 2007