129757129013125000_26Reform of marketization of China insurance regulatory Commission clear terms of car insurance rates
China insurance regulatory Commission recently issued the circular on strengthening the management of commercial insurance rates of motor vehicle (hereinafter referred to as the circular). The circular requires further perfecting the management system of commercial vehicle insurance term rates, gradually establish a market-oriented rate formation mechanism under the terms of, strengthening the insurance companies in terms of rates the main role and responsibility in the formulation, implementation, better display industry associationWill's role in establishing industry standards and strengthen self-regulatory norms, promoting the industry as a whole to improve product innovation, service, and risk prevention capacity-building
tera power leveling, so as to better maintenance of the insured
tera gold, the legitimate rights and interests of the insured. The circular aimed at in accordance with the principle of prudent liberalization, promoting market-oriented reform of management system of commercial vehicle insurance term rates. The circular stipulates,Insurance company pursuant to legal provisions, administrative regulations, and the China insurance regulatory Commission for development of commercial vehicle insurance terms and rates, insurance companies on the development of commercial vehicle insurance term rates assume legal responsibility. China insurance industry association shall organize the development of commercial vehicle insurance Association of model provisions, depreciation coefficients and reference models of motor vehicle database, as well as calculating business automobile insurance industry refer to the pure loss ratio, For reference and use of insurance companies. At the same time, China's insurance industry association should be in accordance with the principle of the claim of the insured, commercial vehicle insurance terms with insurance companies under the insurance liability, developing guidelines on insurance claims practices. China insurance regulatory Commission official said, of the notification of the clear role of industry associations, insurers and regulators. Association of industry associations to developModel terms of reference and refer to the pure loss ratio for insurance companies, insurance company as the subject of rates for the preparation and implementation of articles, development of commercial vehicle insurance rates for products and strict implementation of the provisions, regulatory supervision according to the law. At the same time, explicitly require insurance companies to develop commercial vehicle insurance terms should follow the law compliance, fair and reasonable, good faith, straightforward principles to develop commercial vehicle insuranceRate should follow the principle of adequate and equitable principles. The circular initially clear the orientation of the reform of management system of commercial vehicle insurance term rates, regulatory supervision according to the law the insurance company will be important basis for commercial vehicle insurance term rates. The notice for some time ago a business vehicle insurance "high definition low-loss", "no responsibility do not pay" and other hot spots for a clear requirement. The circular has clearlyInsurance amount determined, the insurance companies and the insured shall, in accordance with market fair value determined by actual value of motor vehicle insurance, insurance companies should be consultation with the applicant agreed insurance amount. The circular also stipulates that third party damage caused to insured motor vehicle insurance, the insurance company since the date of the compensation to the insured on the insurance, compensation rangeIn the exercise of the right of the insured to the third party requesting compensation, not by abandoning the right of subrogation of insurance companies refused to fulfil the insurance. In order to protect the interests of policyholders and insured persons, the circular provides that insurance companies should be in proposal form for Home of the most significant locations with special font-raise "special tip of the exclusion of liability", in the terms of the insurance from an insurance companyTips for responsible enough to cause the applicant the terms of note, and a straightforward way, on the content of articles to a clear description of the insured in written or oral form. To strengthen the insurance company's obligations to the insured risk, the circular also provides that insurance companies should prompt the insured in the insurance application "exclusion of liability note" handwritten by: "insurer outNote, I have understand the content of the exclusion of liability clause "and sign. In addition, in order to protect the interests of the insured in the insurance claim process
tera gold, the circular stipulates, commercial vehicle insurance clauses shall not be required to provide the insured with the insurance event regardless of the nature, causes and extent of evidence and information requirements. It is learnt that the China insurance industry association is under the China insurance regulatory CommissionTo find, to current vehicle insurance terms that do not comply with the requirements of the notice, in practice easily damage and caused controversy, as well as the rights and interests of the insured is not clear and ambiguous terms are revised, and in accordance with the requirements of the notice to prepare depreciation coefficients and reference models of motor vehicle database, refer to the pure loss ratio to calculate, reform work.
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