Foreign insurers gain full access to car insurance market

    May 09, 2012 | BY

    clpstaff &clp articles

    A government ruling has finally allowed foreign insurers to enter the nation's lucrative compulsory transport accident insurance market

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    机动车交通事故责任强制保险条例 (修订) came into effect on May 1 and were promulgated by the State Council.

    “This is a fundamental change for the Chinese insurance market,” said Zhan Hao,