Link to Content Area

Financial Supervisory Commission logo

Important Measures

Executive Yuan approves draft amendment to "Compulsory Automobile Liability Insurance Act," forwards it to Legislative Yuan for deliberations

2022-06-07
To coordinate with a proposed amendment to the "Road Traffic Management and Penalty Act," the owners of electric bicycles will be required to enroll in compulsory auto liability insurance, and the requirement for vehicle owners to keep their compulsory auto liability insurance current will be strengthened. The FSC drafted a proposed amendment to the "Compulsory Automobile Liability Insurance Act" and submitted it to the Executive Yuan for review. On 10 March 2022 the Executive Yuan approved the proposed amendment and forwarded it to the Legislative Yuan for deliberations. Key points of the amendment include the following:
1.A newly added provision will deem "electric bicycles" to be "cars" as defined in the "Compulsory Automobile Liability Insurance Act" for which the owner must obtain compulsory automobile liability insurance. (see amended Article 5-1)
2.It is expressly stated that electric bicycles, cars, and motorcycles shall have separate accounts and an owner of an electric bicycle who fails to obtain compulsory automobile liability insurance will receive an administrative fine. (see amended Articles 38 and 49)
3.The scope of situations where failure to obtain compulsory automobile liability insurance must be reported has been expanded to include instances in which a person without compulsory automobile liability insurance has violated the "Road Traffic Management and Penalty Act," in which case such failure shall be reported along with the violation of said Act. Meanwhile, the pre-amendment provision which required the impoundment the automobile license plate when an uninsured automobile causes an accident, has been eliminated. (see amended Articles 49 and 50)
4.A newly added article provides that when a party with the obligation to insure fails to renew a compulsory automobile liability insurance policy over six months of a policy's expiration, the competent authority may refer the matter to the road supervisory authority for cancellation of the automobile license plate. (see amended Article 51-1)
5.The amended Act expressly provides that its date of implementation shall be determined by the Executive Yuan. (see amended Article 53)
 
  • Visitor: 368
  • Update: 2022-06-07
Top