According to Article 95 of the Road Traffic Safety Law: If a motor vehicle driven on the road does not display the inspection qualification mark or insurance mark, or the driver fails to carry the vehicle license or driving license, the traffic management department of the public security organ shall detain the motor vehicle, notify the party to provide the corresponding license, mark or complete the corresponding procedures, and may impose penalties in accordance with the provisions of Article 90 of this Law (a warning or a fine of not less than 20 yuan but not more than 200 yuan). Compulsory Traffic Insurance for Automobiles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents". It is a compulsory liability insurance in which the insurance company compensates for the personal injury, death, and property loss of the victim (excluding the vehicle personnel and the insured) caused by a road traffic accident of the insured motor vehicle within the liability limit. The premium is based on the nationally unified charging standard. However, the price of compulsory traffic insurance varies depending on the type of vehicle, with the main influencing factor being the number of car seats. Compared to the more than 20 exemption clauses of commercial third-party insurance, the exemption scope of compulsory traffic insurance covers losses caused by intentional acts of the victim, property losses of the insured, related arbitration and litigation costs, and some indirect losses caused by accidents, with a much broader coverage. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limit. Introduction to Electronic Insurance Policies An electronic insurance policy refers to an electronic policy issued by an insurance company with its electronic signature, using digital signature software and enterprise digital certificates that comply with the PKI system. The insurance policy, abbreviated as the policy, is the formal written proof of the insurance contract between the insurer and the insured. The policy must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the policy is the basis for the performance of both parties. The 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 marks; Saves time and is convenient, not restricted by time or place, with information universally available online at any time, quick and easy; Can apply for reissuance or resending, no need to worry about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, with electronic unification making it easier for insurance companies and traffic police departments to manage the insurance information of each vehicle.
