Specifically, you can learn the following information
In the afternoon of January 5, 2019, Hohhot City, the new city traffic control brigade of four squadron auxiliary police at the intersection of the passing vehicle inventory a posted expired strong insurance sign of the vehicle attracted the attention of the traffic police. The driver then provided their own insurance, the latest strong insurance sign also has but did not replace the posting.
According to the "Chinese People's **** and the State Road Traffic Safety Law" law, vehicles on the road must be posted in the validity of the motor vehicle inspection mark and compulsory insurance mark. But many drivers think that only the glass on the sign can be, even if you get the latest compulsory insurance signs and motor vehicle inspection signs will not be replaced. This situation will be investigated once will be fined 50 yuan, 1 point deduction. If these two signs are not pasted, then it is a fine of 100 yuan deduction of 2 points. 2004 May 1, the implementation of the "Road Traffic Safety Law" for the first time put forward "the establishment of motor vehicle third-party liability insurance system, the establishment of a social relief fund for road traffic accidents". 2006 March 21, the State Council promulgated the "Compulsory Insurance" Regulations, motor vehicle third-party compulsory liability insurance system, and the establishment of social relief funds. The State Council promulgated the "Regulations on Compulsory Insurance for Third Party Liability of Motor Vehicles" on March 21, 2006, which was replaced by the "Compulsory Insurance for Traffic Accidents", and the regulations were implemented on July 1, 2006 onwards.
Road Traffic Safety Law of the People's Republic of China
On June 30, 2006, the China Insurance Regulatory Commission (CIRC) issued the "Interim Measures for Separate Accounting Management of Compulsory Insurance for Motor Vehicle Traffic Accident Liability", which has been implemented since the date of its issuance;
On June 27, 2007, the CIRC issued the "Interim Measures for Floating Compulsory Insurance Premium Rates of Compulsory Insurance for Motor Vehicle Traffic Accident Interim Measures for Compulsory Motor Vehicle Traffic Accident Insurance Rate Fluctuation, stipulating that it shall be implemented as of July 1st.
July 1, 2007, with the improvement of supporting measures, the compulsory insurance was finally universal, during the universal implementation of the "motor vehicle third-party liability compulsory insurance" (third-party compulsory insurance).
"Compulsory motor vehicle third-party liability insurance" and the current motor vehicle third-party liability insurance - is a commercial insurance, and the new implementation of the "mandatory insurance" insurance rates The premium rate of the newly implemented compulsory insurance is higher than that of the motor vehicle third party liability insurance, which determines the liability of the insured based on the accidental responsibility he/she bears in a traffic accident.
Whether or not the insured person is responsible for the accident, the insurance company will pay the compensation within the liability limit according to the Regulations on Compulsory Transportation Insurance and the specific requirements of the terms and conditions of compulsory transportation insurance. It plays an important role in maintaining the personal and property safety of road traffic passers-by and ensuring road safety, and at the same time, it can reduce legal disputes, simplify the processing procedures, and ensure that the victims receive timely and effective compensation.
March 30, 2012, "the State Council on amending the" motor vehicle traffic accident liability insurance regulations "decision to amend the specific content is as follows: the State Council on amending the" motor vehicle traffic accident liability insurance regulations "decision: the State Council decided to" motor vehicle traffic accident liability insurance regulations "to make the following changes: Article 5, paragraph 1, is amended to: "Insurance companies may engage in the business of compulsory insurance of motor vehicle traffic accident liability with the approval of the CIRC."
According to the revised content and full text of the regulations published on the website of the Central People's Government, the new version of the Regulations on Compulsory Insurance for Motor Vehicle Traffic Accident Liability has only one amendment, which reads, "Insurance companies, with the approval of the CIRC, may engage in the business of compulsory insurance for motor vehicle traffic accident liability." In the old version of the Regulations, which came into effect on July 1, 2006, those allowed to engage in compulsory traffic insurance business were limited to "Chinese insurance companies". The removal of the word "Chinese-funded" means that China has formally opened up the compulsory traffic accident insurance market to foreign insurers, and China's insurance industry has entered a phase of full liberalization.
On December 17, 2012, the State Council decided to amend the Regulations on Compulsory Insurance for Motor Vehicle Traffic Accident Liability as follows: add an article as Article 43: "Trailers are not subject to compulsory insurance for motor vehicle traffic accident liability. In the event of a road traffic accident causing personal injury or death, or property damage, the insurance company insuring the tractor shall compensate for the damage within the scope of the liability limit of compulsory insurance for motor vehicle traffic accidents; and the tractor and trailer shall bear the compensation responsibility for the shortfall in accordance with the provisions of the law." This decision shall come into force on March 1, 2013.
On September 3, 2020, the official website of the Bank of China Insurance Regulatory Commission issued the "Guiding Opinions on the Implementation of Comprehensive Reform of Automobile Insurance," which explicitly stipulates that it will enhance the level of protection of compulsory traffic insurance by raising the total liability limit of compulsory traffic insurance from 122,000 yuan to 200,000 yuan, of which the limit of compensation for death and disability will be raised from 110,000 yuan to 180,000 yuan, and that the limit of compensation for medical expenses will be raised from 10,000 yuan to 18,000 yuan, and the property damage compensation limit remains unchanged at 0.2 million yuan.