State Notices

 

COLORADO

Colorado issued a bulletin for both personal and commercial insurers to provide reasonable accommodations to prevent individuals and businesses from losing coverage due to cancellation for the non-payment of premium include, but are not limited to:

  1. Extension of premium grace periods;
  2. Waiver of late payment fees;
  3. A moratorium on cancellations for non-payment;
  4. Defer any non-renewal underwriting actions; and,
  5. Provide a continuation of coverage for any expiring policy.

These guidelines are in place until further notice.

 
 

GEORGIA

Effective March 25, 2020, Georgia issued an emergency order that instructs all Property & Casualty carriers in Georgia to refrain from canceling any commercial policies that include business interruption or business income coverage, due to lack of payment of premiums until May 31, 2020.

Should the pandemic last longer than expected that period may be extended.

 
 

ILLINOIS

As of April 3, 2020 - the state of Illinois has placed a moratorium on cancellations or non-renewals of insurance policies, including those for nonpayment of premium, through May 31, 2020. This is subject to change.

 
 

INDIANA

A moratorium on policy cancellations and non-renewals of any insurance policy in effect for a policyholder in Indiana is in effect until May 31, 2020. The moratorium is not a waiver; but an extension of which to pay the premium.

 
 

LOUISIANA

Effective March 12, 2020, the state of Louisiana imposed a moratorium on policy cancellations and non-renewals for policyholders in Louisiana during the outbreak of the coronavirus disease (COVID-19). This rule is valid through May 12, 2020. Emergency Rule 40 is effective during the period of time from March 12 thru May 31. Cancellations for fraud and material misrepresentations or upon written request by the insured continue to be permitted during this period. If premium payments can be made, Louisiana urges the insured to do so.

 
 

MISSISSIPPI

Effective March 30, 2020, the state of Mississippi imposed a moratorium on policy cancellations and non-renewals for policyholders in Mississippi during the outbreak of the coronavirus disease (COVID-19). This rule is valid through May 31, 2020. A policy can be cancelled or non-renewed for legally recognized reasons other than a failure to pay premiums, the cancellation or non-renewal may be made pursuant to statutory notice requirements.

 
 

MISSOURI

Effective May 8, 2020, the state of Missouri imposed a moratorium on policy cancellations and non-renewals for policyholders in Missouri due to the COVID-19 Pandemic until June 15, 2020 except in cases of fraud.

 

NEW JERSEY

Effective April 9, 2020, no policies can be cancelled or non-renewed due to nonpayment of premiums. This moratorium is in effect for 90 days or until otherwise amended. This moratorium is not a waiver of premium, just a "grace" period for the insured. Cancellations due to other underwriting reasons are still acceptable.

 
 
 

OHIO

Effective March 30, 2020, the state of Ohio imposed a moratorium on policy cancellations and non-renewals for policyholders in Ohio during the outbreak of the coronavirus disease (COVID-19). This rule is valid through May 31, 2020. A policy can be cancelled or non-renewed for legally recognized reasons other than a failure to pay premiums, the cancellation or non-renewal may be made pursuant to statutory notice requirements.

 
 

OKLAHOMA

Effective April 3, 2020, Property and casualty carriers shall extend any applicable grace period for nonpayment of premium by forty-five (45) days. This grace period extension does not relieve an insured of the obligation to pay premiums but merely is a deferral of the payment due date. This notice has been extended to May 31, 2020.

 
 

WASHINGTON

Effective March 25, 2020, Washington state issued an emergency order that instructs all Property & Casualty carriers in Washington to allow a grace period to policyholders for the payment of premiums until May 31, 2020.

The grace period includes a ban on cancellations and any late or related fees due to nonpayment of premiums.

 

If you have any questions regarding the state notice(s) on this page, please get in touch.

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