COMPULSORY MOTORCYCLE LIABILITY INSURANCE TOOK EFFECT ON 1 JANUARY

01/01/1999

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Approximately 10 million licensed motorcycles are currently on the street in Taiwan, outnumbering automobiles three- to four-fold. In view of the staggering losses of life and property caused by traffic accidents each year, the Ministry of Finance instituted compulsory motorcycle liability insurance beginning 1 January 1999.

The scope of coverage of the compulsory liability insurance for motorcycle owners is as follows:

maximum NT$200,000 per person for bodily injury;

maximum NT$1.2 million per person for disability;

maximum NT$1.2 million per person for death;

maximum NT$1.4 million per person for disability and death;

when one accident results in injury or death to two or more persons, each person is eligible for benefits according to the above standards.