Core Viewpoint - The recent notification from multiple regulatory bodies aims to clarify that "Traffic Safety Mutual Insurance" is not an insurance product and should only be limited to internal mutual assistance within transportation enterprises, preventing misleading marketing practices [1][2][3]. Group 1: Regulatory Actions - The notification explicitly prohibits any entity from marketing "Traffic Safety Mutual Insurance" as an insurance product, emphasizing the need for public awareness, especially among truck and taxi drivers, to distinguish between illegal operations and legitimate insurance [2][3]. - Entities involved in "Traffic Safety Mutual Insurance" must not include misleading terms like "mutual" or "insurance" in their business names or scopes, effectively cutting off the foundation for fraudulent insurance practices [2][3]. - Companies must establish dedicated accounts for mutual funds and ensure proper management and supervision of these funds to prevent misuse and ensure adequate compensation reserves for accidents [2][3]. Group 2: Industry Implications - The insurance industry association has issued a risk alert regarding illegal traffic safety mutual insurance, reiterating that only licensed insurance companies can offer insurance products, while traffic safety mutual insurance is a non-insurance mutual assistance activity [3]. - The association encourages vehicle owners to enhance their risk management awareness and verify the legitimacy of their insurance policies through official channels, including a dedicated app for checking valid insurance coverage [3]. - There is a push for collaboration between insurance companies and industry associations to improve proactive risk prevention measures, such as vehicle safety monitoring and public safety campaigns [2].

Core Points - The China Insurance Industry Association issued a risk warning on July 29 regarding illegal traffic safety mutual assistance, clarifying that it is not insurance and is limited to internal mutual assistance within companies [1][2] - There has been an increase in disputes due to the misrepresentation of traffic safety mutual assistance as commercial insurance by certain entities, harming consumer rights [1] - A notification was released by five departments to regulate the operations of traffic safety mutual assistance [1] Summary by Sections Definition and Nature of Traffic Safety Mutual Assistance - Traffic safety mutual assistance is initiated by transportation enterprises aimed at enhancing their risk resilience, and it is a non-operational industry mutual assistance behavior limited to the enterprise's own vehicles [1][2] - Any organization is prohibited from offering traffic safety mutual assistance to unspecified vehicles [1] Risks and Consumer Awareness - The insurance industry association emphasizes that traffic safety mutual assistance is a non-insurance mutual behavior, and illegal operations under this guise pose significant risks [2] - Vehicle owners are urged to enhance their risk management awareness and carefully evaluate their insurance needs before participating in any mutual assistance programs [2] Verification and Support for Consumers - To assist vehicle owners in distinguishing legitimate insurance products, the insurance association recommends consulting the official customer service hotline of insurance companies to verify policy information [2] - The insurance industry has launched the "Jinshitong" app to help vehicle owners check the validity of their insurance policies and ensure they are covered by legally qualified insurance companies [2]

Core Viewpoint - The China Insurance Industry Association issued a risk warning regarding illegal traffic safety pooling, clarifying that such pooling is non-insurance and limited to internal mutual assistance within enterprises, while external sales are deemed illegal [1] Summary by Relevant Sections - **Regulatory Guidance** - Five departments have publicly released a notice to regulate traffic safety pooling activities, emphasizing that it should only be conducted as internal mutual assistance among transportation enterprises [1] - **Definition and Scope** - Traffic safety pooling is initiated by transportation enterprises aimed at enhancing their risk resilience, specifically targeting their own vehicles and not for profit [1] - **Compliance Issues** - Any organization engaging in traffic safety pooling under names like "XX Motor Vehicle Pooling" or "Traffic Safety Pooling" with individuals outside the transportation enterprise, such as ordinary vehicle owners or the general public, is non-compliant [1]