Pennsylvania HB690 amends insurance regulations to require insurers to provide claims experience data to group policyholders and imposes penalties.
Pennsylvania HB690 amends Title 40 of the Pennsylvania Consolidated Statutes to introduce new group market provisions for insurers. The bill mandates that insurers furnish claims experience data to group policyholders within 30 days of a request, unless the information has been provided within the preceding six months. This data must include details from the last two policy years, separated by policy year, and account for factors used in rating the group's policy.
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