COMPULSORY MOTOR VEHICLE LIABILITY INSURANCE

LEGAL MEMORANDUM

INSURANCE LAW

SUBMITTED TO: ATTY. HILARIO V. BELMES INSURANCE LAW PROFESSOR SLU SCHOOL OF LAW

SUBMITTED BY: JAN MICHAEL G. LIMMAYOG LLB III-B SLU SCHOOL OF LAW

SEPTEMBER 27, 2013

TABLE OF CONTENTS
TITLES AND SUBTITLES
CHAPTER I: INTRODUCTION >Parameters CHAPTER II: METHOD OF COVERAGE >Insurance Policies >Cash Guaranty or Surety >Cash Deposit CHAPTER III: VEHICLES COVERED >Vehicle Coverage Under the Insurance Code > Insurance Memorandum Circular CHAPTER IV: NON-FAULT INSURANCE CLAUSE > CASE 1: Perla Compania de Seguros, Inc., vs. Hon. Ancheta CHAPTER V: PERIOD OF FILING CLAIM/ACTION TO RECOVER DAMAGES CHAPTER VI: APPLICABILITY >Passengers >Third Party >CASE 2: Sherman Shafer vs. Makati Insurance Company, inc. CHAPTER VII: EFFECT IF PAYMENT IS MADE TO THE INJURED PASSENGER >Settlement Between the Parties >Settlement of Claims by the Insurance Policy or by the Securities >CASE 3: William Tiu vs. Pedro Arriesgado CHAPTER VIII: NATURE OF THE INSURERS LIABILITY >CASE 4: Maglana vs. Afisco Insurance Corporation >CASE 5: Malayan Insurance Co., Inc., vs. The Court of Appeals BIBLIOGRAPHY

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