The co-ordination system requires the enterprises and institutions directly under the Provincial Communications Department to pay the traffic safety co-ordination fee according to the number of vehicles they own, which is used for all kinds of economic compensation for vehicles participating in traffic co-ordination after encountering traffic accidents, natural disasters and accidental injuries of passengers.

industry market: with the development of economy, the number of motor vehicles is increasing. At present, motor vehicle insurance has become the largest type of property insurance in China. Motor vehicle insurance has covered most of the dangerous automobile accidents, and China's Ministry of Communications has forced car buyers to buy motor vehicle insurance to ensure that the legitimate rights and interests of victims are protected in car accidents.

for example, compulsory insurance is insurance for the purpose of ensuring the rights and interests of third parties. The well-known auto insurance companies in China include China People's Property Insurance Co., Ltd., China Ping An Insurance Company and Pacific Insurance Company.

Extended information:

Main categories:

Motor vehicle insurance: Motor vehicle insurance is an insurance that takes motor vehicles such as cars, trams, battery cars, motorcycles and tractors as the subject matter of insurance. Motor vehicle insurance can be divided into compulsory insurance and commercial insurance, and commercial insurance can be divided into basic insurance (also known as main insurance) and additional insurance.

motor vehicle insurance came into being at the end of 19th century. The earliest motor vehicle insurance policy issued in the world was an automobile third-party liability insurance policy issued by the British "Legal Accident Insurance Company" in 1895, with the insurance premium of 1 to 1 pounds. However, the automobile fire insurance can be insured under the condition of increasing the insurance premium.

motor vehicle insurance: motor vehicle insurance generally includes compulsory insurance and commercial insurance, and commercial insurance includes basic insurance and additional insurance. The basic risks are divided into vehicle loss insurance and third party liability insurance, vehicle theft and emergency rescue (theft and emergency rescue) and vehicle personnel liability insurance (driver liability insurance and passenger liability insurance).

Baidu encyclopedia-motor vehicle insurance