China News Service, September 10th. According to the website of the China Banking and Insurance Regulatory Commission, in accordance with the relevant provisions of the "Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance" and based on extensive consultation, the China Banking Regulatory Commission, in conjunction with the Ministry of Public Security, the Health Commission, and the Ministry of Agriculture and Rural Affairs The adjustment plan for the liability limit of compulsory motor vehicle traffic accident liability insurance (hereinafter referred to as compulsory traffic insurance) was determined, and the adjustment plan for the rate of compulsory traffic insurance was determined in conjunction with the Ministry of Public Security.
The adjustment content is announced as follows:
1. SGCC compulsory insurance liability limit plan
Within the territory of the People’s Republic of China (excluding Hong Kong, Macau, and Taiwan), if the insured is involved in a traffic accident while using the insured motor vehicle, causing the victim to suffer personal injury, death, or property loss, the damage shall be borne by the insured according to law The liability limit for each accident is 180,000 yuan for death and disability, 18,000 yuan for medical expenses, and 20,000 yuan for property damage.
When the insured is not liable, the compensation limit for death and disability is 18,000 yuan, the compensation limit for medical expenses is 1,800 yuan, and the compensation limit for property losses is 100 yuan.
2. SGCC Mandatory Insurance Rate Floating Coefficient Scheme
(1) Article 3 of the "Interim Measures for the Floating of Compulsory Motor Vehicle Traffic Accident Liability Insurance Rates" (hereinafter referred to as the "Interim Measures") is amended as follows:
1. Inner Mongolia, Hainan, Qinghai, and Tibet implement the following rate adjustment plan A:
Floating factor | Floating ratio | |
Floating scheme A linked to road traffic accidents | A1, no responsible road traffic accident occurred in the previous year | -30% |
A2, no responsible road traffic accidents occurred in the last two years | -40% | |
A3, no responsible road traffic accidents occurred in the last three years or more | -50% | |
A4, a road traffic accident that was responsible for not involving death occurred in the previous year | 0% | |
A5, two or more responsible road traffic accidents occurred in the previous year | 10% | |
A6, a responsible road traffic fatal accident occurred in the previous year | 30% |
2. Shaanxi, Yunnan, and Guangxi implement the following rate adjustment plan B:
Floating factor | Floating ratio | |
Floating scheme B linked to road traffic accidents | B1, no responsible road traffic accident occurred in the previous year | -25% |
B2, no responsible road traffic accidents occurred in the last two years | -35% | |
B3, no responsible road traffic accidents occurred in the last three years or more | -45% | |
B4, a road traffic accident responsible for not involving death occurred in the previous year | 0% | |
B5, two or more responsible road traffic accidents occurred in the previous year | 10% | |
B6, a responsible road traffic fatal accident occurred in the previous year | 30% |
3. The five regions of Gansu, Jilin, Shanxi, Heilongjiang and Xinjiang implement the following rate adjustment plan C:
Floating factor | Floating ratio | |
Floating scheme C linked to road traffic accidents | C1, no responsible road traffic accident occurred in the previous year | -20% |
C2, no responsible road traffic accidents occurred in the last two years | -30% | |
C3, no responsible road traffic accidents occurred in the last three years or more | -40% | |
C4, a road traffic accident that was responsible for not involving death occurred in the previous year | 0% | |
C5, two or more responsible road traffic accidents occurred in the previous year | 10% | |
C6, a responsible road traffic fatal accident occurred in the previous year | 30% |
4. Beijing, Tianjin, Hebei, and Ningxia implement the following rate adjustment plan D:
Floating factor | Floating ratio | |
Floating scheme D linked to road traffic accidents | D1, no responsible road traffic accident occurred in the previous year | -15% |
D2, no responsible road traffic accidents occurred in the last two years | -25% | |
D3, no responsible road traffic accidents occurred in the last three years or more | -35% | |
D4, a road traffic accident responsible for not involving death occurred in the previous year | 0% | |
D5, two or more responsible road traffic accidents occurred in the previous year | 10% | |
D6, a responsible road traffic fatal accident occurred in the previous year | 30% |
5. Jiangsu, Zhejiang, Anhui, Shanghai, Hunan, Hubei, Jiangxi, Liaoning, Henan, Fujian, Chongqing, Shandong, Guangdong, Shenzhen, Xiamen, Sichuan, Guizhou, Dalian, Qingdao, Ningbo 20 regions implement the following rate adjustment plans E:
Floating factor | Floating ratio | |
Floating scheme E linked to road traffic accidents | E1, no responsible road traffic accident occurred in the previous year | -10% |
E2, no responsible road traffic accidents occurred in the last two years | -20% | |
E3, no responsible road traffic accidents occurred in the last three years or more | -30% | |
E4, a road traffic accident responsible for not involving death occurred in the previous year | 0% | |
E5, two or more responsible road traffic accidents occurred in the previous year | 10% | |
E6, a responsible road traffic fatal accident occurred in the previous year | 30% |
(2) Amend Article 4 of the "Interim Measures" to read: "The calculation method of the final insurance premium for compulsory insurance is: the final insurance premium for compulsory insurance = the basic insurance premium for compulsory insurance × (1 + the floating ratio associated with road traffic accidents X, X takes ABCDE The value corresponding to one of the schemes)."
(3) Amend Article 7 of the "Interim Measures" to read: "The floating ratio X associated with road traffic accidents is one of X1 to X6 and does not accumulate. If multiple floating factors are met at the same time, the floating rate will be adjusted upward or downward. The higher the floating ratio is calculated."
3. Implementation time of the new plan
The above-mentioned liability limit and rate variable coefficient will be implemented from 00:00 on September 19, 2020.
As of September 19, 2020, if the motor vehicle under the compulsory compulsory insurance policy has a road traffic accident after the zero hour on September 19, 2020, the insurance period has not yet ended, the new liability limit will be implemented; on September 19, 2020 If a road traffic accident occurs before midnight on the day, the original liability limit shall still apply.