Ian Leach looks at how Brexit might affect motor insurance rules in Scotland, in an article which has been published in The Scotsman today.
The Department for Transport has announced that the UK Government intends to amend motor insurance law to diverge from the EU model by dis-applying all legal effects of a 2014 Court of Justice of the European Union decision, wherein the COJ had overturned a Slovenian court’s (Vnuk) ruling regarding the definitions of road vehicles requiring motor insurance.
Ian says, "The UK Government has indicated that reversing the 2014 CoJ ruling will avoid an average increase of £50 on annual insurance premiums for British drivers. The changes are likely to be brought into effect by amendment to the existing British RTA legislation. The timing for this remains unclear at present.” However, he adds that the “story of Scots law, and what it means for motor insurance premiums and insurers’ motor liability, continues.”
To read Ian's full article please click here.