[ IC INSURANCE MEMORANDUM CIRCULAR NO. 1-96, November 04, 1996 ]



Amendment of Insurance Memorandum Circular No. 1-84 Dated February 23, 1984, Revising the Limits of Liability, Schedule of Indemnities and Premium Rates for the Compulsory Motor Vehicle Liability Insurance (CMVLI) Covers

Pursuant to the authority vested in me by the provisions of Section 414 in relation to Chapter VI of Presidential Decree No. 1460 as amended, otherwise known as the Insurance Code of 1978, rates prescribed in the provisions of Insurance Memorandum Circular No. 1-84 dated February 23, 1984 are hereby revised as follows:

I

Limits of Liability

The limits for third party liability for all CMVLI covers shall be Fifty Thousand Pesos (P50,000.00) each for all types of motor vehicles with an additional Fifty Thousand Pesos (P50,000.00) for passenger liability if the motor vehicle is used as a public utility vehicle.

II

Schedule of Indemnities for Bodily Injury and/or Death

The following Schedule of Indemnities shall be observed in the settlement of claims for death, bodily injuries, professional fees and hospital charges for services rendered to traffic accident victims under the CMVLI policy.
a) Death Indemnity
P35,000.00
Burial and Funeral Expenses
15,000.00
b) Bodily Injuries and Fractures
Types of Accommodation or Professional Attendance Extended
Services Rendered
Maximum Reimbursable Fees and/or Charges
1. Hospital Rooms
Maximum of 45 days per accident
P500.00/day
Laboratory examination fees, x-rays
2,000.00
2. Surgical Expenses
Major Operation
7,500.00
Medium Operation
5,000.00
Minor Operation
1,500.00
3. Anaesthesiologist ™s Fee
Major Operation
2,500.00
Medium Operation
2,000.00
Minor Operation
500.00
4. Operating Room
Major Operation
1,500.00

Medium Operation
1,000.00
Minor Operation
500.00
5. Medical Expenses
For daily visits of Practitioner or Specialists
200.00/day

The total amount of medical expenses must not exceed (For single period of confinement)
2,500.00

6. Drugs and Medicine


Actual value of drugs and medicine used but not to exceed
12,5000.00
c) Permanent Disablement
Amount
Loss of or Loss of Use of:
Two Limbs
P25,000.00
Both Hands, or All Fingers and Both Thumbs
25,000.00
Both Feet
25,000.00
One Hand and One Foot
25,000.00
Sight of Both Eyes
25,000.00
Injuries resulting in being permanently bedridden
25,000.00
Any other injury causing permanent total disablement
25,000.00
Arm at or above elbow
17,000.00
Arm between elbow and wrist
12,000.00
Hand
10,000.00

Four Fingers and Thumb of one hand
10,000.00
Four Fingers
9,000.00
Leg at or above knee
17,000.00
Leg below knee
12,000.00
One Foot
12,000.00
All Toes of one foot
5,000.00
Thumb
5,000.00
Index Finger
3,000.00
Sight of One Eye
12,000.00
Hearing - Both Ears
15,000.00
Hearing - One Ear
8,000.00

III

Premium Rates

Corresponding to the increased limits of liability, the following schedule of premium rates shall be followed:

1) Non-LTO/Private Cars (PC) & Commercial Vehicles (CV): TPL - P50,000.00

Types of Vehicle
Premium Rates
PC Light
P450.00
PC Medium
490.00
PC Heavy
690.00
CV Light
490.00
CV Medium
690.00
CV Heavy
960.00

2) LTO/Public Utility Vehicles: TPL-P50,000.00, PL-50,000.00

The premium rates shall be based on the area where the public utility vehicle is authorized to operate: whether within or outside the Metro Manila Area
PREMIUM RATES
Types of Vehicle
Metro Manila
Outside Metro Manila
AC
P730.00
P920.00
PUJ
890.00
1,110.00
TAXI
880.00
1,100.00
TOUR-CAR
590.00
7 40.00
MINI-BUS
990.00
1,230.00
PUB
1,160.00
1,450.00
TOUR-BUS
1,180.00
1,450.00
TRICYCLE
210.00
220.00

Metro Manila includes the cities of Manila, Kaloocan, Quezon, Pasay, Muntinlupa, Makati, Mandaluyong, and Pasig; and the following municipalities: Para aque, Las Pi as, San Juan, Pateros, Taguig, Malabon, Navotas and Valenzuela.

This Circular takes effect on 1 January 1997.

Adopted: 04 Nov. 1996

(Sgd.) EDUARDO T. MALINIS
Insurance Commissioner

Approved:

(Sgd.) ROBERTO F. DE OCAMPO
Secretary of Finance