What is the role of third-party liability after the compulsory traffic insurance expires?

[AutumnDella]

Third-party liability still applies after the compulsory traffic insurance expires. Compulsory traffic insurance is a type of auto insurance, but unlike other auto insurances, it is a mandatory insurance required by the state. Other auto insurances may be optional, but compulsory traffic insurance is indispensable. If caught by traffic police without it, penalties will be imposed. Relevant information about compulsory traffic insurance is as follows: 1. Introduction: The full name of compulsory traffic insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses (excluding the vehicle's occupants and the insured) caused by the insured motor vehicle in a road traffic accident within the liability limits. 2. Necessity: Compulsory traffic insurance ensures compensation for victims of motor vehicle traffic accidents and promotes road traffic safety. It provides timely and basic protection for traffic accident victims.