# Road Traffic Act 1991, Section 20: Exception from requirement of third-party insurance.


(1) Section 144 of the Road 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.”

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Source: https://www.legislation.gov.uk/ukpga/1991/40/section/20 (the official version)
Page: https://openlegislation.uk/road-traffic-act-1991/section-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.