The China Insurance Industry Association officially released the model clauses for new energy vehicles

Shanghai Securities News China Securities Network News (reporter Han Songhui) Shanghai Securities News reporter learned on December 13 that in order to further implement the spirit of the "Notice of the China Banking and Insurance Regulatory Commission on Printing and Distributing the Guiding Opinions on the Implementation of the Comprehensive Reform of Automobile Insurance", implement the people-centered development concept and high-quality development requirements, and deepen the structural reform of the supply side of the automobile insurance market, the China Insurance Industry Association organized industry forces to develop and complete the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles of the China Insurance Industry Association (Trial)" (hereinafter referred to as the "China Insurance Industry Association" on the basis of in-depth research. New Energy Vehicle Model Clauses (Trial Implementation), including the China Insurance Industry Association New Energy Vehicle Commercial Insurance Model Clauses (Trial) and the China Insurance Industry Association New Energy Vehicle Accident Injury Insurance Model Clauses (Trial), were recently issued to insurance companies.

It is reported that according to the rate switching time of the new energy vehicle commercial insurance model clauses, all new and renewed new energy vehicles (excluding motorcycles, tractors, and special vehicles) are uniformly insured by the "New Energy Vehicle Model Clauses (Trial)", and the "Model Clauses for Motor Vehicle Commercial Insurance of the China Insurance Industry Association (2020 Edition)" are no longer applicable. Non-new energy vehicles cannot be insured by the Model Clauses for New Energy Vehicles (Trial).

According to the "Model Clauses for New Energy Vehicles (Trial)", the main insurance of new energy vehicles includes three independent types of insurance, including new energy vehicle loss insurance, new energy vehicle third-party liability insurance, and new energy vehicle vehicle personnel liability insurance. The insured may choose to insure all types of insurance or some of them.

The main protection of new energy vehicle loss insurance is that the insured or the insured new energy vehicle driver in the process of using the insured new energy vehicle, due to natural disasters, accidents (including fire and combustion) caused by the direct loss of the insured new energy vehicle equipment. The body, battery and energy storage system, motor and drive system, other control systems, and all other factory equipment are within the scope of protection.

The third-party liability insurance of new energy vehicles mainly protects the liability of the insured or its permitted drivers in the process of using the insured new energy vehicles in the process of accidents (including fire and combustion), resulting in personal injury or death or direct damage to property of the third party, and shall be liable for damages to the third party according to law.

The main protection of the personnel liability insurance on the new energy vehicle is that the insured or its permitted driver has an accident (including fire and combustion) in the process of using the insured new energy vehicle, resulting in personal injury or death of the person on the vehicle.

The "Model Clauses for New Energy Vehicles (Trial)" also clarifies that the process of driving, parking, charging and operating of new energy vehicles is within the scope of the three main insurances of new energy vehicles.