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.
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