Is it still necessary to display the vehicle insurance label?
1 Answers
It is mandatory to display the vehicle insurance label, and there are specific regulations regarding its placement. The label must be affixed to the right side of the front windshield on the passenger side. More detailed information is as follows: 1. According to the Traffic Safety Law, motor vehicle drivers are required to carry their driver's license, vehicle registration certificate, insurance policy, and compulsory traffic insurance label. If a motor vehicle on the road does not display the compulsory traffic insurance label, traffic management authorities may impound the vehicle in accordance with regulations, notify the party to provide the compulsory traffic insurance label or complete the necessary procedures, and may issue a warning or impose a fine. 2. The full name of compulsory traffic insurance is 'Compulsory Traffic Accident Liability Insurance for Motor Vehicles.' It is a mandatory liability insurance where the insurance company compensates for personal injury, death, or property loss (excluding the vehicle's occupants and the insured) caused by a road traffic accident involving the insured vehicle, within the liability limits. Compulsory traffic insurance is China's first mandatory insurance system implemented under national law. The premium is standardized nationwide, with rates set by the state. However, the price of compulsory traffic insurance varies depending on the vehicle model, with the primary influencing factor being the 'number of vehicle seats.'
