Insurers may not penalize policyholders whose aggregate claim cost over 3 years does not exceed the specified threshold/cap, over the deductible (PEN INS 75-1799.3(a)).
PEN INS has increased the threshold cap to $2,250, starting from Jul. 1, 2025.
Each individual insurer and rating organization should file the change for prior approval by Apr. 1, 2025, and must also specify an effective date of no later than Jul. 1, 2025.
Effectiveness
The auto insurance accident threshold cap increased to $2,250 effective Jul. 1, 2025.
Regulators
PEN LEG
Entity Types
Ins
Reference
PEN SR Vol. 55 Is. 1 p. 178, 1/4/2025; Nt 2025-01, 1/3/2025; Citation: PEN INS 75-1799.3;
