The COVID-19 pandemic is causing significant financial strain on the economy. In order to assist those impacted and to ease some of their financial burdens, many states are requesting that insurance carriers across all lines of business provide longer grace periods for premium payments and other accommodations to maintain coverage and access to insurance during this public health emergency. This Client Bulletin summarizes the actions taken by the various state departments of insurance to encourage insurers to work with those who are concerned about their ability to timely pay their insurance premiums.
This is an ongoing effort and we will update this Client Bulletin as the efforts to respond to the COVID-19 pandemic further evolve. For more information, please click below.
Related Documents: Client Bulletin: April 2020