Effect of change of ownership of motor vehicle or trader’s business

Current

(1)

While a third-party policy is in force in relation to a motor vehicle, the third-party policy enures in favour of the owner for the time being of the vehicle (and any driver of the vehicle) despite any change in the ownership of the vehicle.

(2)

While a third-party policy is in force in relation to a motor vehicle to which a trader’s plate issued in respect of any business is fixed, the third-party policy enures in favour of the person who for the time being is carrying on the business (and any driver of any such vehicle) despite any change in the ownership of the business.

This Act’s bill:Explanatory memorandum Second reading speech

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2.14 Effect of change of ownership of motor vehicle or trader’s business