Section 7 Third-party rights against insurance companies in road traffic cases.

United Kingdom

Without prejudice to section 6 above, but subject to sections 9, 13 and 14 below, it shall be the duty of the Board to secure that a sum equal to the full amount of any liability of a company in liquidation in respect of a sum payable to a person entitled to the benefit of a judgment under—

(a)

section 149 of the M1Road Traffic Act 1972 F1or section 151 of the Road Traffic Act 1988 (duty of insurers to satisfy judgment against persons insured or secured against third-party risks); or

(b)

F2Article 98 of the Road Traffic (Northern Ireland) Order 1981 (court orders for recovery from insurers of sums due under unsatisfied judgments against persons insured or secured by them);

is paid to that person as soon as reasonably practicable after the beginning of the liquidation.

Annotations

Textual amendments

F1: Words inserted by Road Traffic (Consequential Provisions) Act 1988 (c. 54, SIF 107:1), ss. 4, 5, Sch. 3 para. 14(2), Sch. 4 paras. 1, 2
F2: Words substituted by S.I. 1981/160, art. 6(b)

Marginal citations

M1: 1972 c. 20.

Notes on the whole Act

Textual amendments

F1

Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(a)

Act continued for certain purposes (subject to modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9, 11, Sch. 1 Pt. I; S.I. 2001/3538, art. 1(2)

Notes on Duties of the Board in case of companies and friendly societies in liquidation

Textual amendments

F1: Words in cross heading preceding s. 5 inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 4 (with ss. 7(5), 93(4))