Monday, November 27, 2006

LTO XI investigates 22 insurance firms

The Land Transportation Office XI is in the process of conducting an investigation of the twenty two insurance firms located near its premises a day after Davao City Mayor Rodrigo Duterte ordered them to look into fly-by-night insurance firms.

“We are making an inventory of the insurance firms located just outside our office in compliance with the Mayor’s order,” LTO XI director Atty. Gomer Dy said.

Duterte earlier asked LTO XI to look into complaints that some insurance agencies have not complied with their obligations particularly in paying the insurance claims to insured vehicle owners.

He also urged LTO to blacklist insurance firms that have been remiss with their obligations.

Dy said that when they receive complaints against insurance firms, they report it to the assistant secretary who will in turn write the insurance companies concerned.

“With the Mayor’s order I can now address the problem from my end,” he said. After receiving notice of Duterte’s order, Dy immediately instructed the LTO law enforcers to look into the permits of the insurance agencies concerned.

He said they are still verifying if the insurance agencies have the certificate of accreditation issued by the Insurance Commission. They are also inspecting the business permits of the insurance agencies and will double check the records with the Business Bureau.

Dy said there is no connection between LTO XI and the insurance agencies outside their office and the vehicle owners can choose their own insurance agencies.

“Ang palaging nabibiktima ng mga bogus na insurance agencies yung mga from out of the city who want to register their vehicles pero wala pang insurance,” he said. What they do, he added, is to get insurance from any of the agents outside since they are more accessible.(lovely a. carillo)

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