MIA Memorandum Circular No. 40-A (1988)
AMENDMENT OF MEMORANDUM CIRCULAR NO. 40 BY INCREASING THE AMOUNT OF COMPULSORY PASSENGER INSURANCE COVERAGE
(NAR) VOL. 1 NO.3 / JULY - SEPTEMBER 1990
[ MIA MEMORANDUM CIRCULAR NO. 40-A, January 20, 1988 ]
AMENDMENT OF MEMORANDUM CIRCULAR NO. 40 BY INCREASING THE AMOUNT OF COMPULSORY PASSENGER INSURANCE COVERAGE
Please be informed that in its meeting on 20 January 1988, the Board approved the amendment of Memorandum Circular No. 40 by increasing the minimum amount of compulsory passenger insurance coverage from P20,000 to P50,000 per passenger, subject to the same terms and conditions as provided for in said Circular. This Circular shall take effect fifteen (15) days after its publication in the Official Gazette. Adopted: 20 Jan. 1988
(SGD.) RAINERIO O. REYES
(SGD.) PHILIP S. TUAZON Secretary of Transportation and Administrator Communications
(SGD.) MANUEL C. DOMINGO Chairman Maritime Industry Board