Is the Compulsory Traffic Insurance Label No Longer Required to Be Displayed?
1 Answers
Whether the compulsory traffic insurance label needs to be displayed depends on the specific regulations of the local vehicle management office. The reason it is said that the label no longer needs to be displayed is that electronic policy technology can now replace the compulsory traffic insurance label. If the local vehicle management office has implemented electronic policies, vehicle owners in that area are not required to display the compulsory traffic insurance label on their car windows. The full name of compulsory traffic insurance is 'Compulsory Motor Vehicle Traffic Accident Liability Insurance,' which is a mandatory liability insurance provided by insurance companies to compensate for personal injuries, fatalities, and property losses (excluding those of the vehicle occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits.