Public utility vehicle (PUV) owners have the freedom to choose the insurance provider they prefer and trust, the Land Transportation Franchising and Regulatory Board (LTFRB) reiterated on Friday, June 2. ManilaBulletin
Public utility vehicle owners have the freedom to choose the insurance provider they prefer and trust, the Land Transportation Franchising and Regulatory Board reiterated on Friday, June 2.
“For Personal Passenger Accident Insurance, the instruction is to accept policy from insurance providers duly accredited by the Insurance Commission. As regards Third-Party Liability insurance policy, operators are free to choose and secure the same from any insurance company accredited by the Insurance Commission,” Guadiz explained.
To note, according to Section 3 of DO 2018-020, applicants have the freedom to get policies from any qualified insurance company, and all insurance premiums will be paid at the insurers’ offices or any of its authorized collection sites.
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