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                    [Summary] => The Ombudsman should act swiftly on one of the biggest scams ever uncovered in Congress. This is the multi-billion-peso fraud involving the Compulsory Third Party Liability (CTPL) insurance policies required for the registration of motor vehicles with the Land Transportation Office. In 2003, the juicy CTPL business involved P2.5 billion in premiums due from 4.3 million vehicles registered with the Land Transportation Office.


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COMMUTERS AND CONSUMERS ADVOCATE

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                    [Summary] => The Ombudsman should act swiftly on one of the biggest scams ever uncovered in Congress. This is the multi-billion-peso fraud involving the Compulsory Third Party Liability (CTPL) insurance policies required for the registration of motor vehicles with the Land Transportation Office. In 2003, the juicy CTPL business involved P2.5 billion in premiums due from 4.3 million vehicles registered with the Land Transportation Office.


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abtest

Insurance buccaneers

July 30, 2006 - 12:00am

The Ombudsman should act swiftly on one of the biggest scams ever uncovered in Congress. This is the multi-billion-peso fraud involving the Compulsory Third Party Liability (CTPL) insurance policies required for...

Business