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Land Transportation Franchising and Regulatory Board, et al. Vs. Stronghold Insurance Company, Inc.

LAND TRANSPORTATION FRANCHISING AND REGULATORY BOARD, JAIME JACOB, as Chairman of the LTFRB, ARTHUR SAIPUDIN, MELCHOR FRONDA, NIDA QUIBIC, LILIA COLOMA, CYNTHIA DIA, GLENN ZARAGOZA and JOEL BOLANO, in their respective capacities as Chairman, Vice-Chairman and Members of the Special Bids and Awards Committee, Petitioners, vs. STRONGHOLD INSURANCE COMPANY, INC., Respondent.

G.R. No. 200740 | 2013-10-02

SECOND DIVISION
 
DECISION
 
CARPIO, J.:
 
The Case
 
We review 1 the ruling2 of the Court of Appeals annulling a government bidding to accredit providers of accident insurance to operators of passenger public utility vehicles.
 
The Facts
Petitioner Land Transportation Franchising and Regulatory Board (LTFRB) is the government agency charged with the regulation of franchises of land-based public utility vehicles. To implement the law3 requiring operators of passenger public utility vehicles to obtain accident insurance policies, LTFRB created the Passenger Personal Accident Insurance Program (Program). Under the Program,...