COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (July 31, 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

Virginia:  Effective July 27, the Virginia Department of Labor and Industry adopted Emergency Temporary Standard 16 VAC 25-220 to establish requirements for employers to control and mitigate the spread of COVID-19.  The Emergency Temporary Standard will expire within six months, upon expiration of the Governor’s State of Emergency, or when superseded by a permanent standard.

Property and Casualty Insurance

Wyoming:  On July 28, Governor Gordon issued Executive Order 2020-09 extending a grace period for expired driver licenses and identification cards, and modified or reduced the number of driving examinations, in response to the coronavirus pandemic.  The Order provides a 180 day grace period for expired drivers licenses and ID cards between March 15, 2020 – September 30, 2020. Late fees associated with licenses and identification cards will also be waived at the time of renewal.

The post COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (July 31, 2020) appeared first on Insurance & Reinsurance.