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PHILIPPINES LATEST NEWS

PHILIPPINES LTO STARTS SELLING INSURANCE


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2008-08-07 11:35:09 - The Philippines Land Transportation Office has begun selling Third Party Motor insurance despite an injunction preventing the sales

Manila


www.balitapinoy.net

The Land Transportation Office (LTO) has started the implementation of the controversial Compulsory Third Party Liability Insurance of the Government Service Insurance System (CTPL-GSIS) despite the existence of a 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) against it.

LTO-Diliman registration chief Honorio Quiambao, in an interview, admitted that their branch started offering

vehicle owners the (GSIS-CTPL) since Monday.

He said three applicants so far have already availed of the new system.

'We've started the test run of the GSIS insurance last Monday, in accordance with the memorandum issued by Assistant Secretary Alberto Suansing- We are just following orders,' Quiambao said.

The LTO made the move amid the affectivity of a 60-day TRO against designating the GSIS as lone provider of compulsory third party liability insurance for private motor vehicles.

The order was based on the petition filed by the Alliance of Non-Life Insurance Workers of the Philippines (ANIWP)

The GSIS was originally scheduled to start its integrated CTPL insurance system at the LTO on August 1.

The CTPL is an insurance policy that shoulders any possible damage resulting from a person's use of his car.

'Hindi naman namin ipinipilit sa mga motorista ang GSIS insurance- pinapapili namin sila kung ano ang mas gusto nila (We are not making this mandatory. We give them the liberty to choose what they want),' Quiambao said, adding that the GSIS system is more convenient than what is being offered by private insurance firms.

The GSIS system was the government's answer to the existence of fake CTPL insurance policy and fly-by-night insurance firms.


Author:
Adelaida Bulaon
e-mail
Web: www.balitapinoy.net
Phone: +4420 7207 6145

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