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 Road Traffic Accident Social Assistance Fund. This system utilizes 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 controversies arose in practice. As a result, the State Council formulated the Compulsory Third-Party Liability Insurance for Motor Vehicles Regulations to implement the mandatory third-party liability insurance system. The Regulations came into effect on July 1, 2006. This book focuses not only on interpreting the provisions of the Regulations, enabling readers to understand the meaning of the provisions and master their application, but also on explaining the underlying legal principles and comparative law, allowing readers to grasp the legislative spirit. Sincerely hope that both the general public 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 Road Traffic Accident Social Assistance Fund. This system utilizes 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 controversies arose in practice. As a result, the State Council formulated the Compulsory Third-Party Liability Insurance for Motor Vehicles Regulations to implement the mandatory third-party liability insurance system. The Regulations came into effect on July 1, 2006. This book focuses not only on interpreting the provisions of the Regulations, enabling readers to understand the meaning of the provisions and master their application, but also on explaining the underlying legal principles and comparative law, allowing readers to grasp the legislative spirit. Sincerely hope that both the general public and legal professionals can benefit from this book.