Pennsylvania HB1623 mandates insurers to ask older adults about their power of attorney and notify agents if enrollment or cancellation occurs.

HB1623 amends Pennsylvania insurance law to require insurers to ask older adults about their power of attorney during enrollment and request the agent's contact information. Insurers must inform older adults that this information is for notifying the agent about enrollment or cancellation. If an agent is on file, insurers must notify them in writing and provide a copy to the older adult, informing them of the 30-day rescission period. If the older adult revokes the power of attorney, the insurer's duties cease. Good faith reliance on provided information is a defense against legal action.

Pennsylvania HB1623 mandates insurers to ask older adults about their power of attorney and notify agents if enrollment or cancellation occurs.

HB1623 amends Pennsylvania insurance law to require insurers to ask older adults about their power of attorney during enrollment and request the agent's contact information. Insurers must inform older adults that this information is for notifying the agent about enrollment or cancellation. If an agent is on file, insurers must notify them in writing and provide a copy to the older adult, informing them of the 30-day rescission period. If the older adult revokes the power of attorney, the insurer's duties cease. Good faith reliance on provided information is a defense against legal action.