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House Co-Sponsorship Memoranda
House of Representatives
Session of 2019 - 2020
Regular Session
MEMORANDUM
| Posted: | June 4, 2020 09:52 AM |
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| From: | Representative Tina M. Davis |
| To: | All House members |
| Subject: | Grace Periods for Payment of Insurance Premiums |
| Insurance needs to be there when it matters most. Whether it is life, health, auto, flood, renters, homeowners, or another type of insurance policy, we use insurance as a vital tool in reducing our exposure to risks – and having coverage can give needed peace of mind when disaster strikes. Pennsylvanians are experiencing the unprecedented economic hardship that is the result of the COVID-19 pandemic. We all know somebody who is struggling to pay their bills right now – and in many cases, insurance costs are no small part of a person’s monthly budget. Individuals should not lose their insurance coverage because a disaster has shuttered businesses and temporarily impacted their ability to pay an insurance premium. That’s why I will be introducing legislation that would require insurance companies to provide a 90-day grace period for the payment of insurance premiums during a disaster emergency. Many states have required such grace periods in response to the COVID-19 pandemic and in the aftermath of natural disasters. Pennsylvania so far has only recommended that insurers provide a grace period. My legislation will make it a requirement, and in so doing will ensure individuals do not have their insurance policies canceled due to a temporary inability to pay. The people of Pennsylvania are crying out for relief from the unprecedented economic hardship that is the result of the COVID-19 pandemic. Please join me in providing an amount of relief by supporting this legislation. |
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| View Attachment | ||
Introduced as HB2727
Memo Updated: June 4, 2020 09:53 AM