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New Pennsylvania Life Insurance Law

A major step toward helping families who have lost a loved one determine whether they may be owed life insurance benefits.
July 10, 2018

Pennsylvania has taken a major step toward helping families who have lost a loved one determine whether they may be owed life insurance benefits. Gov. Tom Wolf recently signed Act 48 of 2018 into law, which requires the Pennsylvania Insurance Department to establish an electronic database of contact information for each company that has life insurance policies or annuity contracts in the state. Under the law, these insurers are now required to participate in the National Association of Insurance Commissioners’ Life Policy Locator Service. Participation in this service had previously been voluntary for Pennsylvania insurers.

The act goes into effect in late December.

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