The China Insurance Regulatory Commission officially issued the "Opinions on Deepening the Reform of the Commercial Vehicle Insurance Clause Rate Management System" on the 3rd, which means that the market-oriented reform of the commercial auto insurance rate, which is closely related to the vital interests of hundreds of millions of car owners, was officially launched.
The China Insurance Regulatory Commission said that after the Spring Festival in 2015, the commercial auto insurance rate reform pilot program will be released and publicly solicited opinions. In May, the pilots were officially launched in Heilongjiang, Shandong, Guangxi, Chongqing, Shaanxi and Qingdao.
According to reports, the current commercial auto insurance rate is determined by the new car purchase price as an important pricing factor, the correlation between premium and risk is not high, the rate between the frequently-rising vehicles and the long-term non-risk vehicles is not much different.
Liu Feng, director of the property insurance supervision department of the China Insurance Regulatory Commission, said at the press conference held on the same day that the purpose of the reform is to match the risks and rates, and to hand over the pricing power of commercial auto insurance products to insurance companies, and to give the choice of products to the majority. Consumers and car owners. After the reform, the price of commercial auto insurance will be generally stable, and low-risk car owners will enjoy more preferential rates.

Piston Ring

A piston ring is a metallic split ring that is attached to the outer diameter of a piston in an internal combustion engine or steam engine. The main functions of piston rings in engines are: Sealing the combustion chamber so that there is minimal loss of gases to the crank case.
Piston rings maintain gas compression between the piston and the cylinder wall. Piston rings seal the cylinder so that combustion gas generated at the time of ignition does not leak into the opening between the piston and the cylinder.

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