Pennsylvania HB2078 limits annual premium increases for private passenger automobile insurance to 5% for policyholders without certain convictions.
HB2078 amends Title 75 of the Pennsylvania Consolidated Statutes to impose a cap on annual premium increases for private passenger automobile insurance. Specifically, insurers are prohibited from raising premiums by more than 5% annually for policyholders who have not been convicted of offenses listed in section 1535. This provision applies to all private passenger automobile insurance policies offered, issued, or renewed in Pennsylvania after the bill's effective date, which is six months after enactment.
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