The Insurance Industry Association warns that traffic safety coordination is not allowed to be illegally sold to external parties.
The China Insurance Industry Association issued a risk warning on illegal traffic safety coordination on July 29, clarifying that traffic safety coordination is not insurance, and is only limited to mutual assistance within the enterprise. Selling it to the outside is considered illegal and a violation. Recently, five departments publicly released a notice on regulating matters related to traffic safety coordination, aiming to standardize the operation of traffic safety coordination businesses. The China Insurance Industry Association reminds that traffic safety coordination is only limited to mutual assistance within the enterprise, and selling it to the outside is considered illegal and a violation. Traffic safety coordination is a non-profit mutual assistance activity carried out by transportation enterprises to enhance risk resistance capabilities, with transportation enterprises as the initiating entities and aimed at their own vehicles. No organization is allowed to carry out traffic safety coordination for unspecified vehicles. Any behavior that signs safety coordination business contracts with ordinary vehicle owners and the general public who do not belong to transportation enterprises in the name of "XX motor vehicle coordination", "XX motor vehicle safety mutual assistance", or "traffic safety coordination" is considered non-compliant.
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