The information required to surrender car insurance are:

1. Application for surrender, also called application for termination of contract. The template can be downloaded from the official website of the insurance company, or you can find it from the insurance company Yes; the surrender application must indicate the reason for surrender and the time of surrender, and must have the stamp of the insured's employer or an individual's signature.

2. The original insurance contract is not required if you are returning a car insurance supplement or an electronic policy.

3. Insurance premium invoices generally require the original of the last payment voucher. Some companies can also use copies. The details are subject to the instructions of the insurance company.

4. The insured's identity certificate generally requires the original certificate. If the insured is an organization, the business license of the organization is required. If the insured is an individual, a personal identity document is required.

5. If you entrust someone else to handle the insurance surrender, you also need to prepare a power of attorney and the identity certificate of the entruster.

6. Documents that can prove the reason for surrender:

(1) If the insurance is surrendered because the vehicle is scrapped, a scrapping certificate must be provided;

(2) Due to If the vehicle is resold to another person and the insurance is surrendered, a transfer certificate must be provided;

(3) If the vehicle is surrendered due to duplicate insurance, two duplicate insurance policies must be provided.

What conditions must be met for vehicle surrender?

1. The vehicle’s insurance policy must be within the validity period;

2. During the validity period of the insurance policy, the vehicle has no Vehicles that have received compensation from the insurance company cannot be surrendered; vehicles that have only reported a crime to the insurance company but have not received compensation cannot be surrendered.

When surrendering a policy, you must submit a surrender application to the insurance company, stating the reason for the surrender and when the surrender will begin. Sign or stamp it with an official seal, and submit it to the business management of the insurance company. department. After reviewing the surrender application, the business management department of the insurance company will issue a surrender approval form, which indicates the surrender time and the amount of premiums that should be surrendered, and at the same time, the automobile insurance policy will be withdrawn. Then, with the surrender approval form and ID card, the policy holder goes to the financial department of the insurance company to collect the refunded insurance premium.

The insurance company calculates the refundable premium by using the actual premium amount paid when taking out the insurance, minus the premium that the insurance company should collect during the period when the insurance is in effect. The remaining balance is what should be refunded to you. insurance. The calculation formula is as follows: Refundable insurance premium = Actual insurance premium - Insurance premium payable. The key to surrender is the calculation of the premium to be charged. Generally calculated on a monthly basis, 10% of the insurance premium will be charged for each month the insurance is effective. If it is less than one month, it will be calculated as one month.

Legal Basis

Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance

Article 16 The policy holder shall not terminate the compulsory motor vehicle traffic accident liability insurance contract. Except for one of the following circumstances:

(1) The insured motor vehicle has been deregistered in accordance with the law;

(2) The insured motor vehicle has been suspended;

p>

(3) The insured motor vehicle is confirmed lost by the public security agency