Pace
Understood, but the legislative controls should (note should) address the safety of 2nd and 3rd parties (that's why the law in general allows you to fall off cliffs). Whether they go far enough in warning passengers of low time pilots is another matter.
In assessing and accepting risks it must be done against the background of existing control measures and some of those will be legislative.
Going right back to the start of this thread: the use of statistics as a measure of risk, is depending on their presentation and interpretation, probably highly flawed. Following your point, general flight safety (i.e. fatalities per hour flown by aircraft type) statistics don't apply to a low time pilot caught out by bad weather.