Is it necessary to display the compulsory insurance sticker on the vehicle?

[AshleyFitz]

In pilot areas, it is not required to display the compulsory insurance sticker on the vehicle. Electronic insurance policies have the same legal effect as paper policies and stickers. If stopped by traffic police, the vehicle owner only needs to present the electronic insurance policy to be allowed to proceed without facing fines. The full name of compulsory insurance is: Compulsory Motor Vehicle Traffic Accident Liability Insurance. It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims caused by road traffic accidents involving the insured vehicle, within the liability limits. Compared to the exemption clauses of commercial third-party liability insurance, compulsory insurance covers a broader range, excluding only losses caused intentionally by the victim, the insured's own property losses, related arbitration and litigation costs, and certain indirect losses caused by the accident. Regardless of whether the insured vehicle is at fault in the accident, compulsory insurance provides compensation within the liability limits, with no deductible or exemption rate.