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MANILA, Philippines — The Land Transportation Workplace (LTO) on Saturday stated it should work with numerous transport teams and stakeholders to extend motorized vehicle insurance coverage.
Vigor Mendoza II, LTO chief, promised insurance coverage corporations final week that he would act on unauthorized sellers of obligatory third-party legal responsibility (CTPL) protection.
Two different adjustments now underway are the speedy correction of encoding errors on insurance coverage and removing of the participation price in claiming insurance coverage funds, Mendoza stated.
READ: Make CTPL non-compulsory for motorists with broad insurance coverage insurance policies – Herrera
He stated that LTO would deploy undercover brokers to establish these illegally promoting CTPL.
Among the many transport leaders who attended have been Ariel Lim, president of the Nationwide Confederation of Tricycle and Transport Operators and Drivers Affiliation of the Philippines; Boy Vargas, president of the Alliance of Transport Operators and Drivers Affiliation of the Philippines; Jes Bañaga, president of Professional Movers Transport Alliance, and Obet and Jojo Martin, president and vice chairman of Pasang Masda. —Jerome Aning
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