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AUTOMOBILE INSURANCE RATE MIGHT GOES DOWN NEXT YEAR


AsiaInfo Services

09-27-2002

Automobile Insurance Rate Might Goes Down Next Year

CHINA, Sep 27, 2002 (AsiaPort via COMTEX) -- The automobile insurance reform will start completely on January 1st of next.

Next year, domestic automobile users can choose cheaper automobile insurance rate and favorable clauses. And they also can choose their ideal insurance company according to the price and quality of service. Feng Xiaozeng, vice president of China Insurance Regulatory Commission said on September 23rd that the reform of management rules for the automob

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