Can compulsory traffic insurance be refunded after selling the car?
1 Answers
Compulsory traffic insurance can be refunded after selling the car. Compulsory traffic insurance can only be refunded under three circumstances: first, the vehicle is scrapped; second, the vehicle is transferred; third, the vehicle is stolen. It cannot be refunded under other circumstances. Here is relevant information: 1. Compulsory traffic insurance: Compulsory traffic insurance is a mandatory insurance stipulated by the state, and it must be paid regardless of whether the vehicle is used or not. Therefore, when transferring a used car, it is necessary to negotiate the issue of compulsory traffic insurance for the used car. If the vehicle does not have compulsory traffic insurance and there is a missed payment, it must be paid in time. 2. Regulations: According to the relevant provisions of the compulsory traffic insurance: 'During the validity period of the compulsory traffic insurance contract, if the ownership of the insured motor vehicle is transferred, the policyholder shall promptly notify the insurer and go through the formalities for changing the compulsory traffic insurance contract,' which facilitates later claims settlement.