This bill aims to protect individuals from discrimination in life insurance, disability insurance, and long-term care insurance based on genetic information. It prohibits insurers from using genetic information to determine eligibility, set premium rates, or impose preexisting condition exclusions unless there is a clinical diagnosis of a condition. The legislation emphasizes the importance of genetic testing in improving health outcomes and reducing healthcare costs, while also addressing concerns that the potential for insurance discrimination may deter individuals from seeking genetic testing.

The bill includes specific provisions that prevent insurers from canceling, limiting, or denying coverage based on genetic information, as well as from soliciting or using genetic test results in their decision-making processes. However, it clarifies that insurers can still review medical records, ask about family history, and consider clinical diagnoses when evaluating insurance applications. The definitions of "genetic information" and "genetic test" are aligned with existing law to ensure consistency in interpretation.