If the customer buys insurance by himself, it is generally agreed that the first beneficiary is himself, and the car purchased by loan is mortgaged to the bank, and the customer only has the right to use it during the contract period. The first beneficiary of insurance claims should be the loan bank, so it can be agreed that the insurance beneficiary is the bank when buying insurance at the designated insurance company.

Lawyer's statement: Compulsory transaction should be deemed invalid.

"Even if the ownership of the car is in the bank, consumers still have the right to choose an insurance company freely." Jonathan Lee, a founding partner lawyer of Liaoning Anxing Law Firm, believes that according to the Contract Law and the Consumer Protection Law,

Law ",the guarantee company requires Mr. Chen to take out insurance in his designated insurance company, which infringes on the right of consumers to choose their own services and is a compulsory transaction; Relevant clauses in the guarantee contract shall

When it is considered invalid. Buy insurance to the insurance city network.