Bill > HB695

This bill establishes minimum requirements for short-term limited duration insurance policies in Pennsylvania. It defines key terms like "short-term limited duration insurance policy" and "medical loss ratio," and sets forth provisions related to disclosure requirements, underwriting, waiting periods, coverage terms, free-look periods, minimum standards, and sales limitations. The bill also outlines enforcement mechanisms, including penalties for violations, and grants the Insurance Department authority to promulgate regulations. The bill applies to all short-term limited duration insurance policies offered, issued, or renewed in Pennsylvania on or after the effective date.

Business and Industry

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2021&sind=0&body=H&type=B&bn=695