According to Article 8 of the Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance, if the insured motor vehicle does not have road traffic safety violations and road traffic accidents, the insurance company shall reduce its insurance premium rate in the next year. In the following years, if the insured motor vehicle still has no road traffic safety violations and road traffic accidents, the insurance company shall continue to reduce its insurance premium rate to the minimum standard.
If the insured motor vehicle has a road traffic safety violation or a road traffic accident, the insurance company shall raise the insurance premium rate in the next year. In case of repeated road traffic safety violations, road traffic accidents and major road traffic accidents, the insurance company shall raise the insurance premium rate. If the insured is not at fault in the road traffic accident, the insurance premium rate will not be increased. The standards for lowering or raising the insurance premium rate shall be formulated by the the State Council Insurance Regulatory Authority in conjunction with the the State Council Public Security Department.
Extended data:
"Motor vehicle traffic accident liability compulsory insurance regulations" Article 12 When signing a motor vehicle traffic accident liability compulsory insurance contract, the applicant shall pay all the insurance premiums in one lump sum; An insurance company shall issue an insurance policy and an insurance mark to the insured. Insurance policies and insurance signs shall indicate the number, license plate number, insurance period, name, address and telephone number of the insurance company.
The insured shall put an insurance sign on the insured motor vehicle. The style of insurance signs is unified throughout the country. Insurance policies and insurance signs shall be supervised and managed by the State Council Insurance Regulatory Authority. No unit or individual may forge, alter or use forged or altered insurance policies or insurance signs.
Article 13 When signing a compulsory motor vehicle traffic accident liability insurance contract, the applicant shall not put forward any additional conditions other than the insurance clauses and insurance rates to the insurance company. When an insurance company signs a compulsory motor vehicle traffic accident liability insurance contract, it shall not force the applicant to conclude a commercial insurance contract or make other requirements.
Baidu Encyclopedia-Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents