What to Do When the Compulsory Traffic Insurance for a Used Car Expires?

[ValeriaAnn]

The owner only needs to go to the insurance company to renew the policy before it expires. You can cancel the compulsory traffic insurance. The new owner can apply for a new compulsory traffic insurance in the place of registration and then cancel the original policy at the insurance company where the previous owner had it. The traffic management department of the public security authority has the right to detain the vehicle and notify the owner or manager to comply with the insurance requirements. Additionally, a fine of twice the premium for the minimum liability coverage will be imposed.