1, the late fee for compulsory insurance is above 20 yuan and below 200 yuan. If the compulsory insurance has expired and has not been renewed, if the traffic control department finds that the compulsory insurance has expired when driving a motor vehicle, it will detain the motor vehicle on the spot and impose a warning or a fine of more than 20 yuan and less than 200 yuan. Return the car after completing the formalities. If there is a traffic accident during this period, the insurance company will not bear the compensation.
2. Legal basis: Article 10 of the Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents.
When applying for insurance, the applicant shall choose an insurance company with the qualification to engage in compulsory insurance business for motor vehicle traffic accident liability, and the selected insurance company shall not refuse or delay underwriting.
The insurance supervision and administration institution of the State Council shall announce to the public the insurance companies qualified to engage in compulsory liability insurance for motor vehicle traffic accidents.
Article 11
When applying for insurance, the applicant shall truthfully inform the insurance company of important matters.
Important matters include the type, brand model, identification code, license plate number, nature of use, name (name), sex, age, residence, ID card or driver's license number (organization code) of the motor vehicle, the accident situation of the motor vehicle before the renewal of insurance and other matters stipulated by the insurance supervision and administration institution of the State Council.
Second, what is compulsory insurance claims?
1. Death and disability compensation. If the motor vehicle bears full responsibility for road traffic accidents, the liability limit for death and disability compensation is 1 10000 yuan;
2. Compensation for medical expenses. If the motor vehicle bears full responsibility for road traffic accidents, the liability limit for medical expenses is 65,438 yuan+0,000 yuan;
3. Compensation for property losses. If a motor vehicle is fully responsible for a road traffic accident, the liability limit for property losses is 2000 yuan.