Regulations on the Compulsory Insurance for Liability for Traffic Accidents of Motor Vehicles (Second Revision in 2012)

Regulations on the Compulsory Insurance for Liability for Traffic Accidents of Motor Vehicles (Second Revision in 2012)
Regulations on the Compulsory Insurance for Liability for Traffic Accidents of Motor Vehicles (Second Revision in 2012)

Order of the State Council No.630

December 17, 2012

(Promulgated by the Order of the State Council No.462 on March 21, 2006, first revised in accordance with the Decision of the State Council on Revising the Regulations on the Compulsory Insurance for Liability for Traffic Accidents of Motor Vehicles on March 30, 2012 and second revised in accordance with the Decision of the State Council on Revising the Regulations on the Compulsory Insurance for Liability for Traffic Accidents of Motor Vehicles on December 17, 2012)

Chapter I General Provisions

Article 1 With a view to ensuring that the victims of road traffic accidents of motor vehicles may be compensated according to law and promoting road traffic safety, the Regulations is formulated in accordance with the Law of the People's Republic of China on Road Traffic Safety and the Insurance Law of the People's Republic of China.

Article 2 The owners or managers of the motor vehicles driving on the roads within the People's Republic of China shall purchase the compulsory insurance for liability for traffic accidents of motor vehicles in accordance with the provisions of the Law of the People's Republic of China on Road Traffic Safety.
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