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By Jefferson Antiporda Reporter
PROBLEMS in connection with the
interim vehicle insurance system have surfaced when several vehicle
owners complained that they were unable to register their vehicles
because of a systems bog down at the Land Transportation Office.
The vehicle owners said LTO
computers did not recognize the insurance company where the vehicle
owners bought their Third Party Liability insurance policy and
rejected their application.
Last month the LTO put in place a
Certificate of Cover Verification Facility (COCVF), a system the
agency claimed has the latest and best technology available combined
with the technical know how of the best people in the Information
Technology industry.
The system allows online and
real-time verification of CTPL-COC through the Land Transportation
Office Information Technology System (LTO-IT) provided by Stradcom.
The LTO, on the initiative of the
Department of Transportation and Communications, adopted a
temporary solution while concerned agencies are deciding which of
the two proposed systems—one from the Department of Transportation
and Communication and another from the insurance
commission—would be adopted to replace the current vehicle
insurance scheme.
This was introduced after various
transport groups and insurance organizations objected to the
implementation by the Department Order 2007-08, the Integration of
the CTPL insurance into the Government Service Insurance System.
The order seeks to eliminate the
need for private vehicle owners to get their certificates of cover (COC)
from agents of insurance companies. The insurance cover has already
been included in the registration fees at the LTO.
Under the temporary system, LTO
computers must recognize the motorist’s information, which
includes the COC number, plate number of the vehicle (if previously
registered), engine number, chassis number, MV File number,
inception and expiry dates, classification of registration, and
notice that a CTPL policy has been bought to cover the said vehicle.
Last week LTO warned all
accredited insurance companies issuing CTPL insurance policies that
it will suspend any company not connected with the LTO-IT system.
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