Bill > HB657

This bill amends Pennsylvania insurance law to prohibit insurers and insurance producers from using an individual's credit history as a basis for denying, canceling, refusing to renew, or raising premiums for personal and life insurance. Specifically, the bill defines "credit history" as information about a person's creditworthiness collected for the purpose of determining insurance premiums or coverage eligibility. The legislation covers personal insurance types like homeowner and private passenger automobile insurance, as well as life insurance. If an insurer or insurance producer violates these provisions, the Insurance Department can take enforcement actions, including suspending or revoking licenses, imposing civil penalties up to $5,000 per violation, issuing cease and desist orders, or implementing other appropriate conditions. The bill allows the Insurance Department to create rules and regulations to implement these restrictions, and it will take effect 60 days after passage. The goal appears to be preventing discrimination in insurance pricing and availability based on an individual's financial history.

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https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=657