This bill amends Title 75 of the Pennsylvania Consolidated Statutes, specifically focusing on financial responsibility related to motor vehicle liability insurance. Key changes include an increase in the minimum required coverage for property damage from $5,000 to $25,000, which applies to definitions of "financial responsibility" and various sections concerning payments to satisfy judgments, neighborhood electric vehicles, and the availability of uninsured and underinsured coverage. The bill also updates the notice requirements for available benefits and limits, ensuring that insurance companies inform applicants of the new coverage amounts.

Additionally, the bill clarifies that any changes in coverage resulting from these amendments will not affect the validity of existing waivers or selections made by policyholders, nor will it require new forms to be signed. The amendments will apply to all policies issued or renewed after the effective date, which is set for 60 days after enactment. Existing notices that reference the previous $5,000 property damage coverage will remain valid despite the updates.

Statutes/Laws affected:
Printer's No. 2033 (Jun 25, 2025): 75-1702