（PCPA注：非官方译本。当产生歧意时,应以法律中文原文为准。This English document is not an official translation．In case of discrepancy, the original Chineseversion shall prevail.）

The Letter of Reply of the China Insurance Regulatory Commission on Issues Concerning Withholding and Remitting of Vehicle and Vessel Tax by Insurance Institutions during Conducting the Business of Compulsory Traffic Accident Liability Insurance

China Insurance Regulatory Commission　　Bao Jian Ting Han [2008] No.87　　April 14, 2008

Shandong Insurance Regulatory Bureau:

Your Request for Instruction on Issues Concerning Withholding and Remitting of Vehicle and Vessel Tax by an Insurance Institution and the Business of Compulsory Traffic Accident Liability Business (Lu Bao Jian Fa [2008] No.23) has been received．After research, the reply is given as follows:

I．According to Article 10 of the Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles, where an applicant chooses an insurance company with qualification to operate compulsory traffic accident liability insurance for motor vehicle t