(1) A CTP policy under this Act is binding on the CTP insurer for the CTP policy.
(2) The CTP insurer for a CTP policy is, despite any other law, liable to indemnify each CTP insured person for the CTP policy for the liability that the policy purports to cover.
(3) To remove any doubt, the reference to any other law in subsection (1) does not include a reference to—
(a) section 22 (What risks are not covered by a CTP policy?); or
(b) a declaration made under the Road Transport (General) Act 1999 —
(i) section 12 (Power to include or exclude areas in road transport legislation); or
(ii) section 13 (Power to exclude vehicles, people or animals from road transport legislation).