Regulations on the Compulsory Traffic Accident Liability Insurance for Motor Vehicles: Understanding and Application

Author: Zhang Xinbao, Chen Fei
Publisher:
Publish Date: 2006-11-01
Features: According to the Road Traffic Safety Law, which came into effect on May 1, 2004, China has implemented a mandatory third-party liability compulsory insurance system nationwide and established a social assistance fund for road traffic accidents. This system uses insurance to disperse the risks of victims in traffic accidents and allows insurance companies to compensate victims within a certain scope. Due to the relatively general and abstract provisions of the Road Traffic Safety Law, significant controversy arose in practice. Therefore, the State Council formulated the Regulations on Compulsory Third-Party Liability Insurance for Motor Vehicles to implement the mandatory third-party liability insurance system. The Regulations came into effect on July 1, 2006. This book focuses not only on explaining the provisions of the Regulations, enabling readers to understand their meaning and grasp their application, but also on interpreting the underlying legal principles and comparative law, allowing readers to grasp the legislative spirit. Sincerely hope that both ordinary citizens and legal professionals can benefit from this book.
According to the Road Traffic Safety Law, which came into effect on May 1, 2004, China has implemented a mandatory third-party liability compulsory insurance system nationwide and established a social assistance fund for road traffic accidents. This system uses insurance to disperse the risks of victims in traffic accidents and allows insurance companies to compensate victims within a certain scope. Due to the relatively general and abstract provisions of the Road Traffic Safety Law, significant controversy arose in practice. Therefore, the State Council formulated the Regulations on Compulsory Third-Party Liability Insurance for Motor Vehicles to implement the mandatory third-party liability insurance system. The Regulations came into effect on July 1, 2006. This book focuses not only on explaining the provisions of the Regulations, enabling readers to understand their meaning and grasp their application, but also on interpreting the underlying legal principles and comparative law, allowing readers to grasp the legislative spirit. Sincerely hope that both ordinary citizens and legal professionals can benefit from this book.