SEC. 381. If the cancellation of the policy is contemplated by
the land transportation operator or owner of the vehicle, he shall,
before the policy ceases to be effective, secure a similar policy of
insurance to replace the policy to be cancelled or other evidence of
compliance with this chapter without any gap, file the required
documentation with the Land Transportation Commission, and notify the
insurance company concerned of the cancellation of its policy.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationPD 612 (The Insurance Code) Section 381 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
