Is it still necessary to display the compulsory traffic insurance label in 2021?

[LeConnor]

If you are in an area where electronic insurance policies have been implemented, the compulsory traffic insurance label does not need to be displayed. Most regional insurance companies no longer provide paper policies or compulsory traffic insurance labels, replacing them with electronic policies and electronic compulsory traffic insurance labels. Additional information: 1. Introduction to compulsory traffic insurance: Compulsory traffic insurance is a mandatory liability insurance provided by insurance companies to compensate for personal injuries, deaths, and property losses (excluding passengers and the insured) caused by the insured motor vehicle in road traffic accidents, within the liability limits. 2. The role of the compulsory traffic insurance label: (1) The relevant person in charge of the China Insurance Regulatory Commission emphasized that starting from July 1, 2006, vehicles insured under this policy must display the insurance label on the front windshield. For vehicles without a front windshield, such as motorcycles and tractors, a portable insurance label should be used. (2) According to the "Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles," if a driver is found by traffic authorities to have forgotten to carry the insurance label or policy after July 1, they may face fines ranging from 20 to 200 yuan. If the vehicle is not insured, the fine will be twice the amount of the premium payable, and in severe cases, the vehicle may be impounded, and points may be deducted.