Is it necessary to display the compulsory insurance label?

[HadleyLee]

Whether the compulsory insurance label needs to be displayed mainly depends on whether the compulsory insurance policy is electronic: 1. Electronic compulsory insurance policy: For example, in Beijing, Shanghai, Jiangsu Province, Hubei Province, Shanxi Province, Foshan City, Yunnan Province, Shandong Province, etc., it is not required to display the label. 2. Non-electronic compulsory insurance policy: To be on the safe side, it is best to display the label as required. Information about compulsory insurance is as follows: 1. Compulsory insurance: The compulsory traffic accident liability insurance for motor vehicles is a mandatory liability insurance where the insurance company compensates for personal injury, death, and property losses (excluding passengers and the insured) caused by the insured motor vehicle in a road traffic accident within the liability limit. 2. Significance: This insurance is China's first compulsory insurance system implemented by national law, with premiums uniformly stipulated by the state. The main factor affecting the price of compulsory insurance is the 'number of car seats'.