HUDCC INSURANCE MEMORANDUM CIRCULAR NO. 1-96 AMENDMENT OF INSURANCE MEMORANDUM CIRCULAR NO. 1-84 DATED FEBRUARY 23, 1984, REVISING THE LIMITS OF LIABILITY, SCHEDULE OF INDEMNITIES AND PREMIUM RATES FOR THE COMPULSORY MOTOR VEHICLE LIABILITY INSURANCE (CMVLI) COVERS January 01, 1997

Pursuant to the authority vested in me by the provisions of Section 414 in relation to Chapter VI of Presidential Decree No. 1460 as amended, otherwise known as the Insurance Code of 1978, rates prescribed in the provisions of Insurance Memorandum Circular No. 1-84 dated February 23, 1984 are hereby revised as follows:

I
Limits of Liability

The limits for third party liability for all CMVLI covers shall be Fifty Thousand Pesos (P50,000.00) each for all types of motor vehicles with an additional Fifty Thousand Pesos (P50,000.00) 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		P35,000.00
	Burial and Funeral Expenses		15,000.00
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	P500.00/day
		Laboratory examination fees, x-rays	2,000.00
2.	Surgical Expenses	Major Operation Medium Operation Minor Operation	7,500.00 5,000.00 1,500.00
3.	Anaesthesiologist’s Fee	Major Operation Medium Operation Minor Operation	2,500.00 2,000.00 500.00
4.	Operating Room	Major Operation Medium Operation Minor Operation	1,500.00 1,000.00 500.00
5.	Medical Expenses	For daily visits of Practitioner or Specialists	200.00/day
		The total amount of medical expenses must not exceed (For single period of confinement)	2,500.00
6.	Drugs and Medicine	Actual value of drugs and medicine used but not to exceed	12,5000.00
c)	Permanent Disablement		Amount
	Loss of or Loss of Use of:
	Two Limbs		P25,000.00
	Both Hands, or All Fingers and Both Thumbs		25,000.00
	Both Feet		25,000.00
	One Hand and One Foot		25,000.00
	Sight of Both Eyes		25,000.00
	Injuries resulting in being permanently bedridden		25,000.00
	Any other injury causing permanent total disablement		25,000.00
	Arm at or above elbow		17,000.00
	Arm between elbow and wrist		12,000.00
	Hand		10,000.00
	Four Fingers and Thumb of one hand		10,000.00
	Four Fingers		9,000.00
	Leg at or above knee		17,000.00
	Leg below knee		12,000.00
	One foot		12,000.00
	All toes of one foot		5,000.00
	Thumb		5,000.00
	Index Finger		3,000.00
	Sight of One Eye		12,000.00
	Hearing - Both Ears		15,000.00
	Hearing - One Ear		8,000.00

III
Premium Rates

Corresponding to the increased limits of liability, the following schedule of premium rates shall be followed:

1)	Non-LTO/Private Cars (PC) & Commercial Vehicles (CV): TPL — P50,000.00
	Types of Vehicle	Premium Rates
	PC Light	P 450.00
	PC Medium	490.00
	PC Heavy	690.00
2)	LTO/Public Utility Vehicles: TPL—P50,000.00, PL—50,000.00

The premium rates shall be based on the area where the public utility vehicle is authorized to operate: whether within or outside the Metro Manila Area.

	PREMIUM RATES
Types of Vehicle	Metro Manila	Outside Metro Manila
AC	P730.00	P920.00
PUJ	890.00	1,110.00
TAXI	880.00	1,100.00
TOUR-CAR	590.00	740.00
MINI-BUS	990.00	1,230.00
PUB	1,160.00	1,450.00
TOUR-BUS	1,180.00	1,450.00
TRICYCLE	210.00	220.00

Metro Manila includes the cities of Manila, Kaloocan, Quezon, Pasay, Muntinlupa, Makati, Mandaluyong, and Pasig; and the following municipalities: Parañaque, Las Piñas, San Juan, Pateros, Taguig, Malabon, Navotas and Valenzuela.

This Circular takes effect on 1 January 1997.

Adopted: 04 Nov. 1996

(Sgd.) EDUARDO T. MALINIS
Insurance Commissioner

Approved:

(Sgd.) ROBERTO F. DE OCAMPO
Secretary of Finance