DB Property and Casualty Insurance signs commercial agreement with Korea Automobile Diagnostic Insurance Association | Economy

(From left to right) Jung Wook President of the Korea Diagnostic Assistance Association, Jong Jong Jung, Vice President of DB Damage Insurance. (Photo = DB Damage Insurance)

DB non-life insurance71,4001,400 -1.92%) On the 25th, signed a commercial agreement with the Korean Association of Automotive Diagnostics (Korea) regarding "the operation of the third party liability insurance relating to the inspection of the performance status of the car".

The property and casualty insurance of the DB and the Korea Automobile Diagnosis Guarantee Association have agreed to make every effort to support the development of insurance and sales products as well as the prompt settlement of the damage repair system to the consumers.

The revision of the law on the control of the automobile, which imposes the use of warranty insurance for the performance and condition monitors of used cars, is applied since April 25th. Insurers are required to conduct performance inspections of used cars.

According to the draft amendment, if the professional member 's inspector does not take compulsory insurance, he will be punished with imprisonment of up to one year or more. A fine of up to 10 million won. However, the Ministry of Land, Infrastructure and Transport examines delays in law enforcement, charges and sanctions before the system is ready, due to delays in launching insurance products and systems.

The status of the vehicle must be inspected, as well as the used car dealer and the performance controller must appear in the performance control log to control the vehicle without accident and sell it. System.

According to the head of property and casualty insurance of the DB, "we are developing a product that offsets when the state of performance control issued by the performance auditor differs from the actual performance status of the car on occasion, resulting in malfunctions in parts and repairs made at the repairer. " .

Cha Eunji hankyung reporter com reporter [email protected]