25 Pa. Code § 271.373 - Minimum insurance coverage

For coverage described under § 271.372(a)(2) (relating to conditions of insurance), the following minimum amounts apply:

(1) For coverage which is exclusive of legal defense costs, the minimum amount of coverage for property damage and bodily injury combined is $500,000 per occurrence, with an annual aggregate of $1 million.

(2) For coverage which is inclusive of legal defense costs, the minimum amount of coverage for property damage and bodily injury combined is $500,000 per occurrence, with an annual aggregate of $1 million, which shall be reserved for the payment of claims. The minimum amounts of coverage reserved for the payment of claims may not be reduced for legal defense or claims administration costs.

Notes

25 Pa. Code § 271.373

The provisions of this § 271.373 adopted April 8, 1988, effective 4/9/1988, 18 Pa.B. 1681; amended September 13, 1991, effective 9/14/1991, 21 Pa.B. 4179.

This section cited in 25 Pa. Code § 271.371 (relating to insurance requirement); 25 Pa. Code § 271.377 (relating to insurance pool); 25 Pa. Code § 271.379 (relating to combination of financial assurance requirements); and 25 Pa. Code § 271.392 (relating to commercial insurance; general requirements-persons other than municipalities and municipal authorities).