What is the difference between the blue label and yellow label of compulsory traffic insurance?
1 Answers
Blue labels can only enter areas within the third to fourth ring roads, while yellow labels are restricted to areas outside the fifth ring road. Relevant details are as follows:1. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance," which is the first mandatory insurance system implemented by national law in China.2. Relevant Regulations: According to the "Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles," compulsory traffic insurance 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 the insured motor vehicle in a road traffic accident, within the liability limits.