Compulsory insurance is the first compulsory insurance system implemented by national laws in China. The Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents (hereinafter referred to as the Regulations) stipulates that compulsory traffic insurance is compulsory liability insurance for insurance companies to compensate the victims (excluding the people on board and the insured) for personal injuries and property losses caused by road traffic accidents of insured motor vehicles within the limits of liability.
2. What's the difference between compulsory insurance and current commercial three liability insurance?
1, the compensation principle is different. According to the provisions of the Road Traffic Safety Law, if a motor vehicle accident causes personal injury or property loss, the insurance company shall make compensation within the liability limit of compulsory insurance. In the commercial three-party liability insurance, the insurance company determines the liability for compensation according to the liability of the insured or the insured in the traffic accident.
2. The coverage is different. Except for individual matters stipulated in the Regulations, the compensation scope of compulsory insurance covers almost all road traffic liability risks. In the commercial three liability insurance, insurance companies have stipulated deductibles, deductibles or liability exemptions to varying degrees.
This is mandatory. According to the "Regulations", the owner or manager of a motor vehicle shall handle compulsory insurance. At the same time, insurance companies cannot refuse to underwrite, delay underwriting and terminate contracts at will.
4. Different operating principles. According to the "Regulations", the insurance clauses and basic rates for compulsory insurance are unified nationwide, and the CIRC will examine and approve the rates according to the principle of "no profit or loss" for the compulsory insurance business as a whole.
5. Compulsory traffic insurance shall be subject to itemized liability limits.
3. When will the compulsory insurance system be implemented? Who needs to buy compulsory insurance?
According to the regulations, the compulsory insurance system was implemented on July 1 2006. Motor vehicle owners and managers shall apply for compulsory insurance within 3 months from the date of implementation, and put insurance signs on the insured motor vehicles.
4. Is the original commercial three liability insurance effective?
Before the implementation of the compulsory insurance system on July 1 2006, if the commercial three-liability insurance has been purchased and the policy has not expired, the original commercial three-liability insurance policy will continue to be valid, and the driver should carry the original policy with him or a copy of the policy stamped with the insurance company's "special seal for policy" or "special seal for business" (copy for business retention) for future reference. After the expiration of the original commercial three liability insurance, compulsory insurance should be insured in time.
What is the limit of liability verb compulsory insurance?
The liability limit of compulsory insurance refers to the maximum amount of compensation borne by the insurance company for personal injury and property loss of all victims of each insurance accident when the insured motor vehicle has a road traffic accident. The liability limit of compulsory insurance is divided into 50,000 yuan for death and disability, 8,000 yuan for medical expenses, 2,000 yuan for property losses and the compensation limit for which the insured is not responsible in road traffic accidents. Among them, the liability compensation limit is calculated according to 20% of the above three limits respectively. That is, the liability limit for death and disability is 1 ten thousand yuan, the liability limit for medical expenses is 1.600 yuan, and the liability limit for property losses is 400 yuan.
6. What method does compulsory insurance adopt to "reward the superior and punish the inferior"?
According to the "Regulations", the level of compulsory insurance rate will be linked to road traffic safety violations and road traffic accidents, and safe drivers can enjoy preferential rates, and traffic offenders will bear high premiums.
7. Can I buy multiple compulsory insurances?
Only one compulsory insurance is required for each motor vehicle. The insured needs to obtain higher liability protection, and can choose to buy commercial three liability insurance with different liability limits.
8. What is the duration of compulsory insurance?
According to the regulations, the insurance period of compulsory insurance is 1 year. There are only four situations in which the applicant can apply for short-term compulsory insurance within 1 year:
1, temporary entry of foreign motor vehicles;
2, motor vehicles temporarily on the road;
3. The motor vehicle is less than 1 year from the specified retirement period;
4. Other circumstances stipulated by the CIRC of China.
9. Under what circumstances will the insurance company advance the victim's rescue expenses?
Road traffic accidents are sudden. In order to ensure that the victims of traffic accidents can get timely and effective treatment, the regulations stipulate that if the driver is unqualified or drunk, the insured motor vehicle is stolen and robbed, and the insured intentionally creates a road traffic accident, the insurance company will pay the rescue expenses within the compensation limit of compulsory insurance medical expenses. At the same time, the insurance company has the right to recover the rescue expenses paid in advance from the injurer.
10. Under what circumstances will the relief fund advance the victim's relief expenses?
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