Road Traffic Act 1961

Provisions relating to Motor Insurers’ Bureau of Ireland.

78

F231[78.—F232[(1) Subject to subsection (1A), a person shall not issue policies covering risk in the State classified under class 10 in Part 1 of Schedule 1 to the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015), unless the person is a member of the Bureau.]

F233[(1A) The policies referred to in subsection (1) exclude policies covering carriers’ liability only.]

(2) A person shall not be an exempted person unless there is in force an undertaking by him in terms approved of by the Minister that he will deal with third-party claims in respect of mechanically propelled vehicles owned by him on terms similar to those standing agreed from time to time between the Minister and the Bureau in respect of the Bureau.

(3) The provisions of this section shall have effect notwithstanding any other provision of this or any other Act.

(4) In this section,

“the Bureau” means the Motor Insurers’ Bureau of Ireland.]

Annotations

Amendments:

F231

Substituted (20.11.1992) by European Communities (Road Traffic) (Compulsory Insurance) (Amendment) Regulations 1992 (S.I. No. 347 of 1992), reg. 9, commenced as per reg. 3(1).

F232

Substituted (31.07.2023) by Road Traffic and Roads Act 2023 (16/2023), s. 5(n), S.I. No. 392 of 2023.

F233

Inserted (31.07.2023) by Road Traffic and Roads Act 2023 (16/2023), s. 5(n), S.I. No. 392 of 2023.

Editorial Notes:

E686

Amendment provided (23.12.2023) by European Union (Motor Insurance) Regulations 2023 (S.I. No. 643 of 2023), reg. 3(12), in effect as per reg. 1(2), cannot be made in light of substitution of subs. (1) (31.07.2023) as per F-note above. The amendment provides for the substitution of "vehicle" for "mechanically propelled vehicle" in s. 78.