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Website. www .insurance .pa .gov. The Pennsylvania Insurance Department is a cabinet-level agency in Pennsylvania, United States. It was founded in 1873 and has several main functions, including: [2] To audit insurance companies' finances. Issue licenses to insurance industry individuals and companies. Regulate insurance policies and rates.
SR-22 Pennsylvania insurance costs. In states that require SR-22 filings, your insurer will likely charge around $50 to cover the cost of filing the SR-22 certificate with your state’s ...
How much does PIP cost in Pennsylvania? The 2024 average cost of car insurance in Pennsylvania is $521 annually for minimum coverage and $2,790 per year for full coverage car insurance. Like any ...
Pennsylvania car insurance laws. Pennsylvania state law requires all drivers to have auto insurance. In order to meet the minimum requirement for insurance within the state, you must have 15/30/5 ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
Vehicle insurance in the United States. Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
Minimum self-insurance requirements. California. $35,000 cash deposit or surety bond. Connecticut. $50,000 cash or its equivalent for first vehicle, $60,000 for the second vehicle, $65,000 for the ...
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