How Many Days Is the Compulsory Traffic Insurance Allowed to Be Overdue?
1 Answers
Compulsory traffic insurance cannot be overdue; it should be renewed within 90 days before the expiration date. After the compulsory traffic insurance expires, you should bring the previous year's insurance policy, ID card, vehicle license, and other documents to the insurance company to complete the renewal procedures and pay the premium. This insurance is China's first compulsory insurance system mandated by national law, with premiums uniformly regulated by the state. The Compulsory Traffic Accident Liability Insurance for Motor Vehicles is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims and the insured caused by road traffic accidents involving the insured vehicle, within the liability limits.