COMPULSORY MOTOR VEHICLE LIABILITY INSURANCE (CMVLI) COVERAGE

In the interest of the public and pursuant to the authority vested in me by the provisions of Section 414 in relation to Chapter VI of the Insurance Code of 1978, the Limits of Liability, Schedule of Indemnities for Bodily Injury and/or Death, and Premium Rates prescribed under Insurance Memorandum Circular No. 1-96 dated November 4, 1996 are hereby revised as follows:

I.  LIMITS OF LIABILITY

The limits for third party liability for all CMVLI coverage shall be One Hundred Thousand Pesos (P100,000.00) each for all types of motor vehicles with an additional One Hundred Thousand Pesos (P100,000.00) for passenger liability if the motor vehicle is used as a public utility vehicle.

II. SCHEDULE OF INDEMNITIES FOR BODILY INJURY AND/OR DEATH

The following Schedule of Indemnities shall be observed in the settlement of claims for death, bodily injuries, professional fees and hospital charges for services rendered to traffic accident victims under the CMVLI policy.

A)	DEATH INDEMNITY	P70,000.00
	Burial and Funeral Expenses	30,000.00
B)	BODILY INJURIES AND FRACTURES

Types of Accommodation  Or Professional Attendance  Extended	Services Rendered	Maximum   Reimbursable Fees and/or Charges
1. Hospital Rooms	Maximum of 45 days per accident	P 500.00/day
	Laboratory Examination, fees, x-rays	2,000.00
2. Surgical Expenses	Major Operation	7,500.00
	Medium Operation	5,000.00
	Minor Operation	1,500.00
3. Anaesthesiologist’s	Major Operation	2,500.00
Fees	Medium Operation	2,000.00
	Minor Operation	500.00
4. Operating Room	Major Operation	1,500.00
	Medium Operation	1,000.00
	Minor Operation	500.00
5. Medical Expenses	For daily visits of Practitioner or specialists	400.00/day
	The total amount of medical   expenses must not exceed	5,000.00
	(For a single period and confinement)
6. Drugs & Medicines	Actual value of drugs and medicines   used but not to exceed	20,000.00
7. Ambulance	Actual amount charged for ambulance  transport but not to exceed	1,500.00

PERMANENT DISABLEMENT	AMOUNT
Loss of or Loss of Use of:
Two Limbs	P50,000.00
Both Hands, or All Fingers and Both Thumbs	50,000.00
Both Feet	50,000.00
One Hand and One Foot	50,000.00
Sight of Both Eyes	50,000.00
Injuries Resulting in being permanently bedridden	50,000.00
Any other injury causing permanent total disablement	50,000.00
Arm at or above elbow	20,000.00
Arm between elbow and wrist	15,000.00
Hand	15,000.00
Four Fingers and Thumb of One Hand	15,000.00
Four Fingers	12,000.00
Leg at or above knee	20,000.00
Leg below knee	15,000.00
One Foot	15,000.00
All Toes of one foot	10,000.00
Thumb	8,000.00
Index Finger	6,000.00
Sight of One Eye	20,000.00
Hearing – Both Ears	30,000.00
Hearing – One Ear	15,000.00

III. NO FAULT INDEMNITY

Any claim for death or bodily injuries sustained by a passenger or third party shall be paid without the necessity of proving fault or negligence of any kind provided the total indemnity in respect of any person shall be fifteen thousand pesos (Php 15,000.00) for all motor vehicles.

IV.     Set forth hereunder are the respective rates of premium for one-year and three year CMVLI coverage.

VEHICLE CLASSIFICATION		BASIC PREMIUM	DST 12.50%	EVAT 12.00%	LGT 0.75%	TOTAL PREMIUM
For One- Year CMVLI Coverage
1.	Private Cars (including jeeps & Utility Vehicles)	447. 11	55.89	53.65	3.35	560.00
2.	Light/Medium Trucks (Own Goods)   Not Over 3,930 kgs.	487.03	60.88	58.44	3.65	610.00
3.	Heavy Trucks (Own Goods) and Private Buses over 3,930 kgs.	958.08	119.76	114.97	7.1 9	1,200.00
4.	AC and Tourists Cars	590.82	73.85	70.90	4.43	740.00
5.	Taxi, PUJ and Mini Bus	878.24	109.78	105.39	6.59	1,100.00
6.	PUB and Tourists Bus	1,157.69	144.71	138.92	8.68	1,450.00
7.	Motorcycles/ Tricycles/ Trailers	199.60	24.95	23.95	1.50	250.00
For Three-Year CMVLI Coverage
1.	Private Cars (including jeeps & Utility Vehicles)	1,285.43	162.67	154.25	9.64	1,610.00
2.	Light/Medium Trucks (Own Goods) Not Over 3,930 kgs.	1,397.21	162.67	167.67	10.48	1,750.00
3.	Heavy Trucks (Own Goods) and Private Buses Over 3,930 kgs.	2,746.51	162.67	329.58	20.60	3,440.00
4.	AC and Tourists Cars	1,692.61	162.67	203.11	12.69	2,120.00
5.	Taxi, PUJ and Mini Bus	2,514.97	162.67	301.80	18.86	3,150.00
6.	PUB and Tourists Bus	3,313.37	162.67	397.60	24.85	4,150.00
7.	Motorcycles/ Tricycles/ Trailers	574.85	162.67	68.98	4.31	720.00

This Circular shall apply to all CMVLI policies that shall be issued on or after January 1, 2007.

Adopted: 26 July 2007