Mandatory Auto Insurance Coverage Increased; Death and Disability Claims Up to NT$3 Million Starting July 1
NQ Score
51/100
N1 Content Completeness
10
AI Summary (NQ-processed)
The Financial Supervisory Commission announced that starting July 1, mandatory auto insurance coverage for death and first-degree disability will increase from NT$2 million to NT$3 million, with no increase in premiums.
AI Analysis
Frequently Asked Questions
- Q: Is insurance mandatory for driving in Taiwan?
- A: Yes, mandatory automobile liability insurance is required by law.