Insurance isn't contingent on a current MoT (if the bike is subject to testing). Technically, they *may* refuse a claim if your bike isn't MoT'd and the accident was to do with unroadworthiness, but in reality this is unlikely.
If you're planning to ride in Europe on UK insurance you won't get a "green card" but instead an appendix on your policy that says you are covered to ride in (stated) other countries, 3rd party only. While I can't think of any reason it wouldn't apply if your bike is SORNed, it might be safer to leave the UK with a year's insurance, MoT and tax and leave them running. EU country laws on re-registering vehicles vary but I don't think any of them allow you to be there for more than a year on foreign plates anyway. So you'd be pushing a number of boundaries.
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