"Third Party Liability Insurance" Premiums Soared, But Claims Reduced. Xiao Huang Driver Protested in Front of the Ministry of Transport

Renren Cooperative & Daquanmin called on hundreds of taxis to come to the Ministry of Transport to protest against unreasonable compulsory insurance. (Photo by reporter Huang Yijing)

Although passenger buses, tour buses, and taxis are compulsorily insured with "passenger liability insurance," the main purpose is to protect passengers. The Ministry of Transportation has recently amended the law to add that passenger buses, tour buses, and taxis must be insured with "third-party liability insurance" and clearly stipulate the minimum insurance coverage. The amount is expected to be implemented on December 19. Taxi operators today called on hundreds of taxi drivers to come to the Ministry of Transport to express their dissatisfaction. They pointed out that after the new system was put on the road, the premiums soared to more than 20,000, an increase of more than 9 times, while the claims were reduced. They called on the government to suspend the introduction of the new system on the road.

At that time, Director of Public Transport and Supervision Hu Diqi stated that the minimum insurance coverage for commercial buses is 2 million yuan per person, 10 million yuan per accident, and 100,000 yuan in financial losses per accident; for taxis, 1.5 million yuan per person, 3 million yuan per accident, and 200,000 yuan in financial losses per accident. The draft announces the minimum insurance amount in advance and uses it as a basis for subsequent insurance purchases. It is expected to be implemented on December 19 this year.

Today, Renren Cooperative, the National Taxi Drivers Association and other units called on hundreds of taxis to come to the Ministry of Transport to protest against unreasonable compulsory insurance, fight for the rights of Xiaohuang drivers, and put forward four major demands, including that the Ministry of Transport should not include the cost of compulsory insurance in the freight rate adjustment mechanism, and transfer policy risks and premiums to Marry grassroots drivers and passengers; implement special premium subsidies for the public and private grading system; integrate compulsory insurance, third-party liability insurance, passenger insurance and other insurance types, and handle them uniformly at the inspection station during the vehicle inspection process; before the above three-point supporting facilities are established, the implementation of the compulsory insurance policy should be postponed for half a year, and the buffer period needs to be extended.

Lin Shenghe, director general of the Taoyuan Taxi Drivers Union, said that there are more than 90,000 taxis in Taiwan, and the current annual premium is about more than 2,000 yuan. However, after the Ministry of Transportation revised the law, drivers are required to compulsorily purchase "third-party liability insurance." In addition to compensating for "200,000 in financial losses," the most important thing is that casualty compensation will be paid in the compulsory insurance of 200,000 yuan. Thousands of dollars were added up, but the premiums soared to more than 20,000, more than 9 times higher than the current level. The premiums were really too high, but the claims were reduced. The insurance association did not negotiate with the drivers and reached a consensus. If you don't buy insurance in the future, you may be fined 3,000 to 30,000 yuan. I hope to postpone going on the road, and do not rule out the possibility of fighting again.