The Deregulation Act 2015, which received Royal Assent on 26th March 2015, contains important changes to the Road Traffic Act 1988 regarding the return and recovery of motor insurance certificates. The Deregulation Act 2015 is a sweeping new law meant to simplify bureaucracy as part of the government’s Red Tape Challenge.
As such, the Deregulation Act 2015 reduces burdens and streamlines regulation for a range of industries and individuals, such as landlords, driving instructors and motor insurers. The provisions affecting motor insurers go into force on 30th June 2015 and will impact all UK motor policies, both new and existing. For this reason, the Deregulation Act 2015 has serious implications for commercial and personal lines policyholders, and the brokers selling those policies.
What Are the Changes?
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