Pennsylvania's Assigned Risk Plan establishes rules for risk classification, premium payments, and policy coverage effective dates. It ensures rates are fair and policies are terminated according to plan rules, with insurers required to organize and regulate the plan under state oversight.
It provides a framework for insuring high-risk drivers by setting rules for risk classification, rates, and policy management to ensure fair treatment and coverage availability.
All rates must comply with the Casualty and Surety Rate Regulatory Act and cannot be unfairly discriminatory, excessive, or inadequate.
Yes, cancellations and non-renewals must follow the rules established by the Assigned Risk Plan.
Insurers must organize and maintain an Assigned Claims Plan, subject to approval and regulation by the Insurance Department, and adopt fair operational rules.