[ LTFRB MEMORANDUM CIRCULAR NO. 2001-005, January 19, 2001 ]

LIST OF BLACKLISTED INSURANCE COMPANIES



Pursuant to Memorandum Circular No. 2001-001 dated 01 dated 01 February 2001, attached herewith and made an integral part hereof is the preliminary list of blacklisted insurance companies as per letter of the Clerk of Court of the Regional Trial Court of Quezon City dated 08 February 2001.

Accordingly, no policy or certificate of cover shall be accepted from the companies in the list as proof of compliance with Memorandum Circular 99-011, unless otherwise ordered by the Board.

All issuances, policies and circulars inconsistent with the foregoing are hereby revoked and rendered without any force or effect.

This Memorandum Circular takes effect immediately.

Adopted: 19 February 2001

(SGD.) DANTE M. LANTIN
Chairman
(SGD.) VIGOR D. MENDOZA II
Board Member
(SGD) REMEDIOS G. BELLEZA
Board Member

Republic of the Philippines
REGIONAL TRIAL COURT
National Capital Judicial Region
Quezon City

Atty. Vigor D. Mendoza II
Land Transportation Franchising and Regulatory Board
East Avenue, Quezon City

Atty. Mendoza:

In compliance with your letter request dated 06 February 2001 below listed are Insurance Companies blacklisted with this Court.
  1. Eastern Assurance & Surety Corp.

  2. Asia Traders Ins. Corp.

  3. Commonwealth Ins. Corp.

  4. First Integrated Bonding Co.

  5. Mercantile Ins. Co., Inc.

  6. Oriental Ass. Corp.

  7. Utility Ins. Corp.

  8. Fidelity and Surety Co. of the Phils., Inc.

  9. Fortune Life and General Ins. Inc.

  10. Interworld Ass. Corp.

  11. Traveller Ins. and Surety Corp.

  12. Matruste Ins. Corp.

  13. Washington Ins. Corp.

  14. Times Ins. Corp.

  15. First Quezon City Ins. Corp.

  16. The Imperial Ins. Inc.

  17. Zenith Ins. Co., Inc.

  18. The Capital Ins. and Surety Corp., Inc.

  19. Development Ins., Surety Corp.

  20. The Manila Ins.Co, Inc.

  21. Rico General Ins. Co.

  22. Philippine Phoenix Surety and Ins. Inc.

  23. Mega Pacific Ins. Corp.

  24. Plaridel Surety and Ins. Corp.

  25. Pacific Union Ins. Corp.

  26. B.F. General Ins. Corp.

  27. The Philippine Charter Ins. Corp.

    Quezon City, February 8, 2001
MERCEDES S. GATMAYTAN
Clerk of Court