Revised CMVLI Insurance Limits and Premiums

Ask AI

IC INSURANCE MEMORANDUM CIRCULAR NO. 4-2006: Revised CMVLI Insurance Limits and Premiums

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Revised CMVLI Insurance Limits and Premiums

Law: Ic Insurance Memorandum Circular No. 4-2006

Decision Date: Jul 26, 2007

The Insurance Commission mandates revised compulsory motor vehicle liability insurance coverage, establishing a limit of P100,000 for third-party liability and detailed indemnity schedules for bodily injury and death, effective from January 1, 2007.

END