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What are the penalties for not displaying the compulsory insurance label in 2020?

1 Answers

AaronLee

07/29/25 11:51am

In 2020, the penalties for not displaying the compulsory insurance label are divided into: 1. For the violation of not placing the compulsory insurance label, according to regulations, the penalty is a deduction of 1 point; 2. For failing to insure the motor vehicle with compulsory third-party liability insurance as required, the vehicle will be forced to be insured and a fine of twice the insurance premium will be imposed. The coverage of compulsory insurance includes: 1. If a motor vehicle causes personal injury, death, or property damage in a traffic accident, the insurance company will compensate within the limit of the compulsory traffic accident liability insurance; 2. Losses exceeding the compensation limit of the compulsory insurance will be covered by third-party liability insurance; 3. For the insured vehicle and its passengers, the compensation for the driver of the insured vehicle will be covered by vehicle damage insurance, passenger insurance, and driver seat insurance.

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