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 canceling, limiting, or denying coverage, or adjusting premium rates based on genetic information unless there is a clinical diagnosis of a condition. Additionally, insurers are barred from soliciting genetic information or considering an individual's genetic testing decisions in their insurance practices. The bill emphasizes the importance of genetic testing for early disease detection and overall health improvement, while also addressing concerns that fear of insurance discrimination may deter individuals from seeking such testing.

The legislation also clarifies that insurers can still review an individual's medical records during the application process and may ask about family medical history. However, they cannot use genetic information to influence insurance eligibility or terms. The bill aligns with the Genetic Information Nondiscrimination Act of 2008, reinforcing the protection of genetic information in the context of insurance. Overall, the intent is to reduce barriers to genetic testing and ensure that individuals are not penalized for their genetic predispositions.