Please pay attention!The Insurance Industry Association reminds: The safety of motor vehicles is not insurance

The China Insurance Industry Association recently issued a risk reminder on the safety of motor vehicle safety, reminding the majority of car owners that the safety coordinating business of motor vehicles is not an insurance business. The institutions that operate such business have not obtained insurance business operations in accordance with the law. The China Banking Insurance Regulatory Commission and the supervisory object of its dispatch agencies. The business model of some security overall companies in the society is not sustainable, and the relevant commitments and the safety of funds are difficult to ensure effective guarantee. In particular, when major crises such as revoking and bankruptcy of such companies can only be in accordance with laws and regulations such as the "Company Law of the People's Republic of China" Responsibility may bring losses to consumers and contain greater risks.

According to reports, the safety overall business operators of motor vehicles are not the insurance contract signed by the majority of car owners in the name of "XX overall planning", "XX mutual assistance" and "XX alliance", and the "Insurance Law of the People's Republic of China" is not applicable. Traffic accidents occur after consumer purchase of motor vehicles, and generally compensate for compensation in accordance with the contract. Once a dispute occurs, it can only be resolved through litigation. Judging from the current judicial case of motor vehicle safety overall planning, the court cannot apply the provisions of the "Insurance Law of the People's Republic of China" when quoting legal rulings, and the legal rights of consumers cannot be fully protected.

The China Insurance Industry Association suggested that if there is insurance demand, it can insure motor vehicles with strong insurance and commercial insurance to insurance institutions with legal business qualifications.

(Source: CCTV News Client)

【Edit: Zhang Jing】

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