October 7, 1980

LETTER OF INSTRUCTIONS NO. 1071

WHEREAS, under

WHEREAS, with the said provision, it has been observed that many vehicle owners and/or operators intentionally or unintentionally fail to pay the succeeding quarterly installments for their annual premiums, especially after the motor vehicles have already been registered, thence, resulting to the subsequent cancellation of their insurance coverage such that when accidents involving such vehicles happen, people who are affected are not properly compensated; and casia

WHEREAS, by 1981, the Bureau of Land Transportation will start implementing the system of staggered registration of motor vehicles based on the last digits of the plate numbers issued to them such that public utility vehicle operators who or companies which own a number of units will not be so financially affected if required to pay in full the annual insurance premiums considering that such payment will likewise be staggered depending on the time they are supposed to register their vehicles;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the

1. Pursuant to Provided, That such operators and/or owners authorized to be exempted from the compulsory insurance requirements under Section 377 of the same cdt

2. The Insurance Commissioner shall furnish the Bureau of Land Transportation a list of insurance companies authorized to issue the insurance policy or surety bond required by the aforesaid

This Letter of Instructions hereby repeals the provisions of

This Letter of Instructions shall take effect immediately.

DONE in the City of Manila, this 7th day of October, in the year of Our Lord, Nineteen Hundred and Eighty. acd