LTO to appeal decision stopping ‘Reformed CTPL’
The Land Transportation Office (LTO) will appeal the decision of the Makati Regional Trial Court (RTC) permanently stopping the Reformed Compulsory Third Party Liability (CTPL) for vehicle registration.
LTO Chief Roberto Cabrera III said that while they will abide by the recent order of Makati RTC Branch 65 Judge Edgardo Caldona, they would insist that it should be reversed because it is a “big blow” to all motor vehicle owners nationwide as overpricing and unnecessary mark-ups on CTPL Certificate of Cover (COC’s) will remain un-abated.
“We will abide by the court order to defer the implementation of our reform program. And as necessary, we will seek available legal avenues as we assert the legality of the reform programs with the goal of protecting the motoring public from fixers and unscrupulous TPL insurance agents,” Cabrera said.
He noted that numerous complaints about unpaid insurance claims of motorists continue to swell.
The RCTPL program, he said, provides a mechanism to streamline processing of insurance claims and lessen the financial burden on the millions of motoring public when registering their vehicles.
“The current authentication system does not address the current problem of overpricing. Motor vehicle owners are still at the mercy of unscrupulous persons who overprice the COCs,” Cabrera said.
Cabrera noted that overpricing and unnecessary mark-ups will be totally eliminated, as the premium price will be based on the Insurance Commission tariff rates.
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