PRINTER'S NO. 2212
No. 1521 Session of 2002
INTRODUCED BY GERLACH, AUGUST 30, 2002
REFERRED TO BANKING AND INSURANCE, AUGUST 30, 2002
AN ACT 1 Amending the act of July 22, 1974 (P.L.589, No.205), entitled 2 "An act relating to unfair insurance practices; prohibiting 3 unfair methods of competition and unfair or deceptive acts 4 and practices; and prescribing remedies and penalties," 5 further defining "unfair methods of competition" and "unfair 6 or deceptive acts or practices." 7 The General Assembly of the Commonwealth of Pennsylvania 8 hereby enacts as follows: 9 Section 1. Section 5(a) of the act of July 22, 1974 10 (P.L.589, No.205), known as the Unfair Insurance Practices Act, 11 is amended by adding a paragraph to read: 12 Section 5. Unfair Methods of Competition and Unfair or 13 Deceptive Acts or Practices Defined.--(a) "Unfair methods of 14 competition" and "unfair or deceptive acts or practices" in the 15 business of insurance means: 16 * * * 17 (15) Refusing to underwrite, cancel or rate a risk for a 18 homeowners or automobile insurance contract or insurance 19 policy based on a person's credit history.
1 * * * 2 Section 2. This act shall take effect in 60 days. H28L40DMS/20020S1521B2212 - 2 -