China Insurance Regulatory Commission, Notice on the Adjustment of the Liability Limits of Mandatory Traffic Accident Insurance

中国保险监督管理委员会关于调整交强险责任限额的公告

March 12, 2008 | BY

clpstaff &clp articles &

Premiums raised for mandatory traffic accident insurance.

Clp Reference: 3900/08.01.11 Promulgated: 2008-01-11 Effective: 2008-02-01

Issued: January 11 2008
Effective: February 1 2008

Main Contents: According to the Notice, the upper limits of compensation for insured motor vehicles with liability in a road traffic accident shall be: Rmb110,000 for death and disability, Rmb10,000 for medical fees, and Rmb2,000 for property loss. The upper limits of compensation for insured motor vehicle without any liability in a road traffic accident shall be: Rmb11,000 for death and disability, Rmb1,000 for medical fees, and Rmb100 for property loss.

Related Legislation: Regulations on the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles, Mar 21 2006

clp reference:3900/08.01.11promulgated:2008-01-11effective:2008-02-01

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