Garcia, Suansing dared to prove fake CTPLs

THE 5,000 private insurers under Bukluran ng mga Manggawa sa Industriya sa Seguro (BMIS) have debunked claims of Government Service Insurance System (GSIS) general manager Winston Garcia and Land Transportation Office (LTO) chief Alberto Suansing on the existence of fake motor- vehicle insurance certificates.

Picketing the LTO office in Quezon City on Thursday, BMIS president Salvador Navidad said the issue of fake motor-vehicle insurance certificates has already been put to rest a year ago when the LTO adopted an integrated computerized verification system in the registration of all motor vehicles.

Under this system, vehicle registrants can quickly be protected against fake insurance offers because their certificate covers are run through LTO computers in the course of the registration process, and, therefore, fly-by-nights are weeded out.

Navidad said Garcia and Suansing were raising the issue of the proliferation of fake insurance policy to get the sympathy of the public, to hide their “financial greed” and to monopolize the Compulsory Third Party Liability (CTPL) business, according to Navidad’s group.

“Instead of talking about the existence of fake CTPL insurance certificates, which Garcia and Suansing could not show any proof up to this moment, why couldn’t they ask any LTO district head if there is any basis [for] what they are talking about?” Navidad said.

At the same time, he challenged Garcia to address the issue of delayed pensions of retired government employees and the lack of funds for those employees who are about to retire, instead of usurping the task of the Insurance Commission on the CTPL.

”How can the public expect good governance from GSIS on CTPL issuance to more than 5 million vehicle owners, when it could not even serve the needs and concerns of government retirees?” Navidad added.

The BMIS president also condemned the awarding of the contract to Stradcom Corp. as the sole information-technology (IT) provider in the certificate of cover authentication and verification nationwide without public bidding.

He said Stradcom is charging P45 per certificate of cover for more than 5 million vehicle owners. Stradcom will have an annual income of P225 million if it will be the sole IT provider of the agency, Natividad said.

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Garcia, Suansing dared to prove fake CTPLs

THE 5,000 private insurers under Bukluran ng mga Manggawa sa Industriya sa Seguro (BMIS) have debunked claims of Government Service Insurance System (GSIS) general manager Winston Garcia and Land Transportation Office (LTO) chief Alberto Suansing on the existence of fake motor- vehicle insurance certificates.

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