Category: Insurance tips Release Date: 2006-08-01
Much public concern and the media stir cross-strong risk-based rates and limits of liability, June 19 has finally surfaced. With the China Insurance Regulatory Commission's official announcement of the rates and limits have been noisy speculation finally come to an end. However, this involves more than 160 million motor vehicles, the driver of the new system, the vital interests of many stakeholders, until today still lack the most basic knowledge.
"Listening is heard only know that the national mandatory, do not buy not do. As for the strong insurance to pay what is specific to the insurance cover, as well as what the impact of their own, I really do not know." When a reporter asked aware of danger when the strong delivery, there are already more than ten years of driving experience of Mr. Liu made the case to answer. In fact, with the same right to pay Mr. Liu Qiang insurance, and a minority of drivers do not understand. Random at a press conference to ask dozens of "car" in, few can tell a full pay strong precise definition of risk, not to mention the specific role of cross-strong insurance has.
"As China's first national law provides for compulsory insurance system, cross-strong insurance is insured by the insurance company motor vehicle caused by road accidents victims of personal injury, property losses, compensation within the limits of liability of the mandatory liability insurance. But for this vehicle and the insured person's personal injury and death, are not part of cross-strong insurance coverage. "eventually an insurance expert told reporters interpreted the precise meaning of cross-strong insurance.
A CIRC official told reporters: "For a long time, commercial insurance coverage rate of the three responsible for relatively low, resulting in road traffic accidents occurred, some vehicles, the absence of insurance coverage or ability to pay is limited virulence of people, victims are often not and timely compensation, also caused a lot of financial compensation disputes. For this reason, the implementation of cross-strong insurance system, through the national law enforcement motor vehicle owner or manager to buy the appropriate liability insurance, thereby enhancing the three responsible for insurance coverage face, at the maximum extent, for the traffic accident victims to provide timely and basic protection. "
Not only that, through the establishment of cross-strong insurance system, road traffic accident victims receive timely payment of financial and medical treatment, traffic accidents the responsible party greatly reduce the financial burden, but also a considerable degree of financial compensation to avoid disputes between the two sides. And, "Jiangyoufalie" floating rate mechanism, not only promoted the drivers to enhance road safety awareness, but also give full play to the insurance of the security function, to a certain extent, played a role in maintaining social stability.
To pay for the upcoming implementation of strong risk what with the current commercial motor vehicle third party liability insurance What's the difference, many auto insurance consumers is still "smoke and mirrors, the water full moon." In this regard, CIRC officials gave the exact answer, "the imminent implementation of cross-risk characteristics of strong is that it is mandatory to buy insurance. As long as on the road in the PRC, the owner of the motor vehicle or managers have to be strong risk insurance to pay. Otherwise, the public security organs of the traffic management will have the right to detain vehicles, and notify the vehicle owner, the manager in accordance with the provisions of the insured, and impose the premiums to be paid 2 times the fine. At the same time , the insurance company can not refuse to cover, without any delay underwriting, and are not free to terminate the contract. "
In the meantime, cross-strong insurance and commercial insurance in the three responsible for the principle of compensation, the scope of protection, principles of operation, it is also a significant difference. According to "Road Traffic Safety Law" provides that the motor vehicle traffic accidents causing personal injury, property damage, and strong risk by insurance companies in paying compensation, within the limits of liability and implement sub-limit of liability. 3 charged in commercial insurance, the insurance company is based on the insured or the insurer in the responsibilities of accident to determine liability and does not carry out the responsibility of sub-item. In addition, pay compensation for strong insurance cover almost all road traffic liability risks and implement a unified national insurance terms and basis of rates paid by the CIRC in accordance with strong general insurance business "no profit no loss" principle of approval. 3 charged in commercial insurance, insurance companies, to varying degrees, provides for deductibles, Mian Peilv or exclusion of liability issues.
The effective implementation of any system, all the parties to the main body of the system depends on the full understanding and strong implementation. However, for the benefit of millions of households and will soon be implemented in terms of cross-strong insurance, the public understanding of it is clearly unsatisfactory, which will no doubt pay a certain extent, affected the smooth implementation of strong insurance system. Therefore, how in the shortest possible time to allow the main stakeholders to fully understand the new system, the successful completion of the transition of old and new systems, have become, including regulatory agencies, insurance companies, the media, the public, trade associations, and many other subjects have had to face a real problem.
