P stands for insurance policy, if T stands for insurance application, E stands for approval.
DAA stands for insurance, which is automobile insurance. If it is QZA, it is corporate property insurance, and DAB stands for motorcycle.
20 12 represents the year.
11010 is the administrative area code, and1101065438 is the Dongcheng District of Beijing.
The last six digits are the advanced serial number.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.