The Board on June 22, 1999 issued a Memo Circular on Passenger Accident Insurance Requirement for a PUV Operators in order to give added insurance protection to their passengers, TH operators on the other hand, requested that since they are not catering to passengers, they be exempted from the coverage of the said Memo Circular.

Accordingly, the Board hereby temporarily exempts TH operators from the coverage of Memorandum Circular No. 99-011 while their request is still being studied by the Board.

All issuances, or parts thereof, inconsistent herewith are hereby superceded, revoked or modified accordingly. This Memorandum Circular takes effect immediately.

Adopted: 24 March 2000

(SGD.) DANTE M. LANTIN
Chairman

(SGD.) REMEDIOS G. BELLEZA
Chairman