An Act amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, in regulation of insurers and related persons generally, providing for group market provisions; and imposing penalties.

HB 690 requires insurers in Pennsylvania to provide group policyholders (businesses or organizations with 51+ covered employees) with detailed claims experience data within 30 days of request. This data includes aggregated premiums, claims costs (paid, reserved, and unreserved), and other financial details for at least two policy years. Insurers may charge a reasonable, non-discriminatory fee for this service, but must file the fee schedule with the Insurance Department in advance. Violations may result in fines up to $5,000 per violation (or $10,000 for willful violations), with annual caps of $500,000 for insurers.