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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
NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization.
In 2004, PMA sold its insurance properties to PMA Capital Insurance Co. of Blue Bell, Pennsylvania, although PMA Capital retained the company’s name. PMA remained concentrated on events in Pennsylvania until 1925, when it joined the National Industrial Council, part of the National Association of Manufacturers. Although PMA is primarily a ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
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 other coverage you select for an auto ...
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 ...
Harleysville was started by Alvin C. Alderfer because he and many automobile owners had no way of insuring against the risk of theft. Within two years he received an order from the state of Pennsylvania's Department of Insurance that he had to either disband the association or charter it according to the states regulations.
In Pennsylvania, PIP may also be called “first-party benefits” or “FBP.” Generally, car insurance companies will file these forms with the state’s Department of Motor Vehicles (DMV ...