Pennsylvania HB657 prohibits insurers from using credit history to deny, increase, cancel, or refuse to renew personal or life insurance.
Pennsylvania HB657 amends Title 40 of the Pennsylvania Consolidated Statutes to add a chapter prohibiting insurers and insurance producers from denying, increasing, canceling, or refusing to renew personal or life insurance due to an insured's credit history. The bill also outlines enforcement actions by the department, including suspension, revocation, or refusal to renew licenses, civil penalties, and cease and desist orders. The department may also promulgate rules and regulations to administer this section.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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