Revised CMVLI Insurance Limits and Premiums

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

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Title 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.

compulsory insurance

motor vehicle

liability coverage

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