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Thursday, January 09, 2003
LTO starts drive vs fake insurance
By Victor L. Camion
THE days of fly-by-night insurance processing at the district office of the Land Transportation Office (LTO) are numbered, assured LTO district chief Ely Cabanag.
Cabanag told Sun.Star Dumaguete that his office will not accept any Certificate of Cover (COC) for CTPL without the required Information Technology (IT) authentication by SQL Wizard and verification by D-Tech Management, Inc. (D-Tech).
The requirement is contained in a memorandum order from LTO Asst. Secretary Roberto Lastimoso and took effect on October 15 last year.
Lastimoso said that the order was pursuant to the joint LTO-IT memorandum circular mandating the implementation of the IT authentication system and authentication and verification of COC for CTPL insurance as a condition for the registration of motor vehicles.
Cabanag said that D-Tech has an office beside the LTO Dumaguete building at Capitol Area, this city.
The LTO district head said Lastimoso's move is laudable because of a number of complaints against fake certificates of cover.
He said that duplicated insurance policy numbers means that the COC is fake because there should only be one original holder of a COC number.
(January 9, 2003 issue)
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