HB 404
An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends the 1921 Insurance Company Law to clarify conditions for issuing insurance policies and to extend health insurance coverage for certain children of insured parents. Specifically, it expands the definition of ‘family’ for casualty insurance policies to include eligible members up to age 26, and it ensures that health insurance policies continue to cover adult children beyond age 26 if they meet specific criteria, such as not being married and not receiving coverage elsewhere. The bill also addresses potential increases in premiums for continued coverage.
Key provisions
- Expands the definition of ‘family’ for casualty insurance policies to include eligible members up to age 26.
- Extends health insurance coverage for adult children beyond age 26 under certain conditions.
- Allows health insurance policies to define ‘dependent’ using 26 U.S.C. § 152(f)(1).
- Prohibits denial or restriction of dependent coverage based on marital status, residency, or enrollment in educational institutions.
- Requires insurers to provide coverage to adult children beyond age 26 at the insured employee’s expense if certain criteria are met.
- Specifies that certain types of insurance (hospital indemnity, accident, etc.) are excluded from the health insurance coverage extension.
- Addresses premium increases related to continuation of coverage for adult dependents.
- Requires the Insurance Commissioner to notify the Legislative Reference Bureau of changes to federal regulations impacting the bill.
Who is affected
Sponsors
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Primary sponsor
Cosponsors
Jose Giral
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