How many copies of compulsory insurance can be bought, compulsory insurance can buy 2 copies?

How many copies of compulsory insurance can you buy

We have had 3 insurance companies fail in the country to the tune of 2 trillion dollars, so are customer policies still valid?
Because of the epidemic, many people have taken out an insurance policy for themselves, so that even if they are seriously ill and go for treatment, they can be reimbursed a lot of expenses. Of course, the higher the rate of reimbursement, the more important the insurance is to the masses.
There are more insurance products and more choices for everyone. Each insurance policy reimburses for different programs, which leads to many people purchasing several policies at the same time.
In general, insurance companies are very unlikely to operate into bankruptcy because so many people are insured, but so few actually use the insurance that is reimbursed. In 2021, Ping An Insurance of China ranked fifth among the top 500 companies in the country. However, although insurance companies are very profitable, there are also poorly run companies that have a lot of problems that cause everyone's insured money to go to waste.
Oriental Life
When Oriental Life first appeared on the market, it had been advertised around and was known to young and old. At that time, this company was very much favored by everyone, and a lot of people were insured. However, around 2010, this insurance company came to light with financial chain problems, which seemed to be caused by the company's shortfall due to too large a share of reimbursements from insured people. After 2 years of settling down, there is news that this company is already retooling and will make a comeback.
However, I did not realize that after years of rolling over, this company is only a legend, and there is no longer any shadow of a comeback. The fall of Oriental Life has also brought a heavy blow to many insurance companies. If the capital chain is insufficient, it is easy for the insured and reimbursement to fail to equalize. Therefore, to be an insurance company, you need to have a certain amount of financial bottom line.
Guoxin Life
When National Trust Life was incorporated, it already had a capital of upwards of $500 million. Back in 2005, a capital of more than 500 million dollars was considered to be the size of a big company. However, the company was established in less than a year, because of violating some of the rules of the industry, leading to the Banking and Insurance Commission mandatory requirements for this company to withdraw from the market. It was reported that this company was violating the rules of publicity, which led to many people taking out insurance policies that they could not normally use, resulting in a lot of complaints.
The CBI received letters of complaint almost every day, which led to the CBI having to step in to manage the company and make it close down temporarily to rectify the situation. The number of insurance companies in the market, which was growing, was not competitive by the time Guoxin Life got off the ground again. Unfortunately, there was no chance for this company to make a comeback after the storm.
Anbang Insurance
Anbang Insurance is a very ambitious company that has shown a doubling pattern in each of the 10 years it has been in business. It expanded rapidly across the country, but it also sowed woes for the later development. According to the investigation, at the beginning, the capital investment of Anbang Insurance was 1 billion, but this company revealed to the public that the amount was as high as 61.9 billion. The difference of dozens of times in the capital chain makes many people mistakenly think that this is a very big insurance company.
After taking out the insurance, the crazy growth in the number of people and the excessive amount of reimbursement led to problems in the financial chain of Ambac Assurance. At that time, many people were unable to enjoy the reimbursement amount after taking out insurance. Anbang Insurance, which was not capable of paying out enough, could only delay the amount of reimbursement again and again, and in the end, it simply did not settle the matter.
In order to stop people from being cheated, the CBIRC took over Anbang Insurance Company directly after one in-depth investigation after another, trying to clean up the mess for Anbang Insurance. Unfortunately, multiple insurance companies invested in Anbang Insurance, and it didn't undo the company's unfavorable growth. After a year of delay, the company remained bankrupt!
If the insurance company goes bankrupt, will everyone's interests be preserved?
In fact, on the question of whether everyone's interests are preserved when an insurance company goes bankrupt, the State has long made some provisions. For example, when an insurance company is set up, it has to pay a part of the deposit to the State, and when the insurance company goes bankrupt, the State will take this money to pay out to the users.
The amount of the payout, however, will not be paid out according to the amount on the insurance contract, but rather, the minimum payout will be paid out to the bottom of the pocket.
Before an insurance company goes bankrupt, the BIC will contact other insurance companies to make an acquisition of that bankrupt company and invest in it. It is very difficult to go bankrupt when you want to go bankrupt. If no company can be found to take over the company, then the bankruptcy process may take more than a year, during which the assets of the investors and partners will be frozen. Therefore, when it comes to the issue of the interests of the masses, the state has come up with many ways to safeguard them.
When people buy insurance, the first thing they should choose is not the percentage of reimbursement and the type of reimbursement insurance of the insurance company. Rather, it is the qualification of this company that counts. If the reimbursement is even more, but the possibility of reimbursement is small, even if you buy it, it will not help. Some small insurance companies mainly use favorable types and amounts of insurance to attract customers to take out insurance, but their ability to pay out is not strong. Instead of choosing such unreliable companies, it is better to go for big insurance companies which are a bit more reassuring.

Can you buy 2 copies of compulsory insurance?

Q:How can I claim for a traffic accident if I have taken out two compulsory insurance policies at the same time?

Answer:You said this situation does not exist in practice, because the same vehicle is not possible to repeat the vehicle compulsory insurance. If you have taken out compulsory insurance but forgot, in the second property insurance company to insure, once the vehicle information is entered, the system will prompt the vehicle compulsory insurance is not due, can not be insured.

What to do if mandatory insurance is 10 days past due

How many times can you buy compulsory insurance

Unlimited number of times. Compulsory insurance an ID card unlimited number of times in a year, a few times out of the insurance can be used a few times, but if the number of times out of the insurance is too much, the amount of claims is too large, the next year will be rejected by the insurance company.