Can the Insurance Label Be Removed?
1 Answers
2021 compulsory insurance label may not necessarily need to be affixed. Here is relevant introduction about auto insurance: Origin of auto insurance: Auto insurance originated in the mid-to-late 19th century. At that time, with the emergence and development of automobiles in some European countries, accidental injuries and property losses caused by traffic accidents also increased. The "Legal Accident Insurance Company Limited" in the UK was the first to develop auto insurance business. In 1898, the company pioneered third-party liability insurance for automobiles, with optional fire insurance for vehicles. By 1901, the auto insurance policies provided by insurance companies had initially met the conditions of modern comprehensive liability insurance, and the insurance coverage had expanded to include vehicle theft. Introduction to auto insurance labels: The auto insurance label is one of the important indicators to determine whether a motor vehicle has compulsory insurance. It bears the words "Supervised by China Insurance Regulatory Commission," with the policy appearing brown. The main text uses internationally advanced red fluorescent anti-counterfeit ink, and the horizontal lines beneath the text consist of micro-printed characters, offering good anti-counterfeiting performance. Except for the area reserved for printing company logos by different operating companies, the policy specifications and styles are uniform nationwide.
