PRINTER'S NO. 4796
No. 3025 Session of 2006
INTRODUCED BY WRIGHT, OCTOBER 17, 2006
REFERRED TO COMMITTEE ON INSURANCE, OCTOBER 17, 2006
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) With respect to the renewal of a policy of private
18 passenger automobile or a policy covering owner-occupied private
19 residential property or a policy covering personal property of
1 individuals, using a change in the insured's credit history,
2 credit rating or a credit scoring model to increase a premium,
3 assess a premium surcharge or refuse to renew the policy. For
4 purposes of this paragraph, "credit" means information from a
5 consumer report of a consumer reporting agency as defined in the
6 Fair Credit Reporting Act (Public Law 91-508, 15 U.S.C. § 1681
7 et seq.).
8 * * *
9 Section 2. This act shall take effect in 60 days.
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