HB 1718
An Act amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, providing for flood insurance notification; imposing duties on the Insurance Department; and imposing a penalty.
Summary
**Pennsylvania House Bill 1718 Summary** This bill would create new flood insurance notification requirements in Pennsylvania. **What it does:** - Requires notification about flood insurance availability and coverage - Gives new responsibilities to Pennsylvania's Insurance Department to implement and oversee these requirements - Establishes penalties for non-compliance **Who it affects:** - Insurance companies operating in Pennsylvania - Property owners and renters who may need flood insurance - Pennsylvania's Insurance Department (new duties) **What would change:** - People would receive more information about flood insurance options - Insurance companies would have new notification obligations - The state would have stronger oversight of flood insurance practices - Violations would carry financial penalties The bill aims to increase awareness about flood insurance, which is often not included in standard homeowner's or renter's insurance policies.