LTFRB MEMORANDUM CIRCULAR NO. 2010-035

: The purpose is to direct the continuation of the functions of accredited Insurance Consortia providing Personal Passenger Accident Insurance (PPAI) policies to authorized public utility operators despite the expiration of their Memorandum of Agreement, in order to protect the commuting public.
: Philippine Accident Managers, Inc. (PAMI) and Universal Transport Accident Solutions, Inc. (UNITRANS).
: The regulatory powers provided by Section 5 (b) and (k) of Executive Order No. 202.
: The existing Memorandum of Agreement expired on September 16, 2010.
: They are directed to continue performing their functions in a hold-over capacity as accredited Insurance Consortia providing PPAI policies to authorized public utility operators.
: Yes, all existing PPAI policies shall be recognized by PAMI and UNITRANS until the period of coverage stated in the policies issued.
: It means that PAMI and UNITRANS will continue to provide insurance services and recognize coverage as if the MOA were still in effect, until new arrangements are made.
: It takes effect immediately following its publication in a newspaper of general circulation and the filing of three copies with the UP Law Center pursuant to Presidential Memorandum Circular No. 11, dated October 9, 1992.
: Presidential Memorandum Circular No. 11, dated October 9, 1992.
: They are modified, amended, or superseded accordingly by this memorandum.