·After auto insurance reform, premiums can be discounted
From June 1st, the six auto insurance reform pilot areas in Heilongjiang, Shandong, Guangxi, Chongqing, Shaanxi and Qingdao will officially use the new auto insurance clause. Liu Feng, director of the Insurance and Insurance Department of the China Insurance Regulatory Commission, said that the commercial auto insurance reform will establish a commercial auto insurance clause management system supplemented by industry model clauses and insurance company innovation clauses. In terms of industry model clauses, the basic models are now being introduced. Formulating high-end and low-end terms, there will be three sets of terms in parallel in the industry model clauses in the future. Disposable Birch Wood Products
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For the auto insurance reform will not trigger a "price war", Liu Feng revealed that the autonomy of the reform to give insurance companies pricing is very large. Under the current system, auto insurance premiums can be discounted at a minimum of 30%. After the reform, auto insurance premiums can be reduced by a minimum of 40%.
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