An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, providing for homeowner's insurance issuance, renewal, cancellation and refusal; and imposing a penalty.

This bill amends Pennsylvania's Insurance Company Law to establish specific rules for issuing, renewing, and canceling homeowner's insurance policies. It prohibits insurers from denying coverage or canceling policies based on personal characteristics such as age, race, or residence, as well as from canceling due to two or fewer claims within a three-year period. The legislation also requires insurers to provide clear written notices before canceling a policy and mandates that premium increases be broken down to show exactly how much is added due to claims or other factors. Additionally, the bill sets guidelines for what happens when an insurance agent is terminated, ensuring that existing policies written by that agent are not unfairly affected and that customers are offered coverage options.