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COMPULSORY MOTOR VEHICLE LIABILITY INSURANCE (CPTL)

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barrister

barrister
Reclusion Perpetua

The Insurance Code makes it unlawful for any land transportation operator or owner of a motor vehicle to operate the same in public highways unless there is an insurance or guaranty to indemnify the death or bodily injury of a third party or passenger arising from the use thereof.

RULES OF CPTL:
1. Registration of any vehicle will not be made or renewed without complying with the
requirement.
2. The protection may be complied with using any of the following:
a. Insurance policy
b. Surety bond
c. Cash bond

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