Is it still necessary to display the compulsory traffic insurance decal on vehicles?

[CoraLynn]

It depends. If electronic insurance policies have been implemented locally, there is no need to display the compulsory traffic insurance decal on the vehicle. If electronic policies have not yet been adopted in the area, the compulsory traffic insurance decal must be displayed. For regions where electronic policies have not been promoted, if a vehicle is driven without displaying the compulsory traffic insurance decal, the vehicle may be impounded if caught. Additionally, the owner may face fines and warnings. The vehicle owner must provide the necessary documents and proof of compulsory traffic insurance to retrieve the vehicle. According to Article 95 of the Road Traffic Safety Law: If a motor vehicle driven on the road does not display the inspection compliance mark or insurance mark, or if the driver fails to carry the vehicle license or driving license, the traffic management department of the public security organ shall detain the vehicle, notify the party to provide the corresponding license, mark, or complete the required procedures, and may impose penalties in accordance with the provisions of Article 90 (a warning or a fine of not less than 20 yuan but not more than 200 yuan). Compulsory Traffic Insurance for Vehicles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for personal injury, death, and property losses of victims (excluding vehicle occupants and the insured) caused by road traffic accidents within the liability limits. Premiums are based on nationally unified standards. However, the price of compulsory traffic insurance varies depending on the vehicle type, primarily influenced by the number of seats. Compared to the more than 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance covers a much broader range, including losses caused intentionally by the victim, the insured's own property losses, related arbitration and litigation costs, and certain indirect losses from accidents. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will provide compensation within the liability limits. Introduction to Electronic Insurance Policies: An electronic insurance policy refers to a digital policy issued by an insurance company with an electronic signature, using digital signature software and enterprise digital certificates compliant with the PKI system. An insurance policy, abbreviated as a policy, is the formal written proof of an insurance contract between the insurer and the insured. It must fully record the rights, obligations, and responsibilities of both parties. The content of the policy serves as the basis for both parties to fulfill the contract. The insurance policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof decals; Time-saving and convenient, unrestricted by time or location, with information accessible online anytime, fast and efficient; Allows for reissuance and resending, eliminating concerns about loss—paper versions can also be printed or mailed if needed offline; Simplified management—electronic standardization makes it easier for insurance companies and traffic police departments to manage vehicle insurance information.