What happens if the compulsory traffic insurance expires for a few days?
1 Answers
There will be penalties for expired compulsory traffic insurance, but generally no points will be deducted. Specific details are as follows: If the owner or manager of a motor vehicle fails to purchase compulsory traffic insurance as required, the traffic management department of the public security authority has the right to detain the vehicle, notify the owner or manager to purchase the insurance as required, and impose a fine of twice the amount of the minimum liability limit premium that should be paid. Introduction to compulsory traffic insurance: The Compulsory Traffic Accident Liability Insurance for Motor Vehicles (hereinafter referred to as "compulsory traffic insurance") is China's first compulsory insurance system implemented under national law. Compulsory traffic insurance is a mandatory liability insurance under which the insurance company compensates for personal injury, death, or property damage caused to victims (excluding passengers in the insured vehicle and the insured) within the liability limits in the event of a road traffic accident involving the insured motor vehicle.