Is it no longer necessary to display the compulsory insurance sticker on the car?
1 Answers
Whether the compulsory insurance sticker needs to be displayed depends on the specific regulations of the local vehicle management office. If the local vehicle management office has implemented electronic insurance policies, vehicle owners in that area are not required to display the compulsory traffic insurance sticker on their car windows. Commercial vehicle insurance stickers do not need to be displayed; only the annual inspection sticker is required. Below is an introduction to the compulsory traffic insurance and the compulsory insurance system: Introduction to Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. Compulsory Insurance System: Compulsory traffic insurance is China's first compulsory insurance system implemented under national law. The premiums are standardized nationwide, with rates set by the state. However, the price of compulsory traffic insurance varies for different vehicle models, primarily influenced by the "number of vehicle seats."
