COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (July 8, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.

All Lines of Insurance

New York: On July 6, Governor Andrew M. Cuomo issued Executive Order No. 202.48, addressing the continued temporary suspension and modification of laws relating to the disaster emergency. As of July 6, the suspension of Insurance Law and Banking law provisions by virtue of Executive Order No. 202.13 are not continued and such rules and regulations are in full force and effect as of July 7, 2020. Executive Order 202.13 created the initial 60-day moratorium on cancellations/nonrenewals.

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