Nothing could be further from the truth.
Extensive reforms to the Road Traffic Act 1988 are required to:
- remove the anomalies that limit the scope of the compulsory third party motor insurance requirement
- remove the loopholes that insurers exploit to avoid the statutory indemnity
- remove the unlawful exclusions of liability that the MIB enjoy
- prevent the unlawful deductions of compensation authorised under the Agreements
Here is a link to the DfT consultation paper. https://www.gov.uk/government/consultations/review-of-the-uninsured-and-untraced-drivers-agreements
The table below demonstrates the peripheral nature of the DfT's proposals.