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PA SB440

PA SB440
In casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.


summary

Introduced
03/14/2023
In Committee
03/14/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending the act of May 17, 1921 (P.L.682, No.284), entitled "An act relating to insurance; amending, revising, and consolidating the law providing for the incorporation of insurance companies, and the regulation, supervision, and protection of home and foreign insurance companies, Lloyds associations, reciprocal and inter-insurance exchanges, and fire insurance rating bureaus, and the regulation and supervision of insurance carried by such companies, associations, and exchanges, including insurance carried by the State Workmen's Insurance Fund; providing penalties; and repealing existing laws," in casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.

AI Summary

This bill amends the Insurance Company Law of 1921 to extend the age limit for dependent children to be covered under a health insurance policy from 19 to 26 years old. It also prohibits insurers from denying or restricting coverage based on factors like the child's financial dependency, residency, marital status, enrollment in school, or employment status. Additionally, the bill allows policyholders to continue coverage for their children up to age 29, at the policyholder's expense, as long as the child meets certain requirements. The amendments in this bill apply to health insurance policies offered, issued, or renewed on or after the effective date.

Committee Categories

Business and Industry

Sponsors (14)

Last Action

Referred to BANKING AND INSURANCE (on 03/14/2023)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Insurance Regulation
Health
  • ‐ Health Insurance Reform
  • ‐ Infants and Children

bill text


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