Bill > HB2730

This bill establishes requirements for short-term limited duration insurance policies in Pennsylvania. Key provisions include: defining relevant terms like "short-term limited duration insurance policy" and "medical loss ratio"; requiring written and verbal disclosures to consumers about the limited nature of the coverage; setting standards for underwriting, waiting periods, policy terms, and renewability; and authorizing enforcement mechanisms like fines and license suspensions for violations. The bill aims to ensure consumers understand the limitations of these types of policies and cannot purchase them as a substitute for comprehensive major medical coverage.