X
    X
    X
    X

    California Insurance Commissioner Requests All Insurance Companies Provide Their Insureds with at Least a 60-Day Grace Period to Pay Insurance Premiums

    Publications

    On March 18th, as a result of the COVID-19 outbreak, California Insurance Commissioner‎ Ricardo Lara issued a notice (the “Notice”) to all admitted and non-admitted insurance companies, all licensed producers, and other interested parties requesting that all insurance companies provide their insureds with at least a ‎‎60-day grace period to pay insurance premiums so that insurance policies are not ‎cancelled for nonpayment of premium.

    The Notice is directed to all admitted ‎and non-admitted insurance companies that provide any insurance coverage in ‎California including, life, health, auto, property, casualty, and other types of insurance.‎

    In addition, Commissioner Lara is requesting that all insurance agents, brokers, and ‎other licensees who accept premium payments on behalf of insurers take steps to ‎ensure that customers have the ability to make prompt insurance payments. Such steps ‎should include alternate methods of payment, such as online payments, to eliminate ‎the need for in-person payment methods, in order to protect the safety of workers and ‎customers‎

    Locke Lord will continue to monitor these developments. ‎

    Visit our COVID-19 Resource Center often for up-to-date information to help you stay informed of the legal issues related to COVID-19.

    The post California Insurance Commissioner Requests All Insurance Companies Provide Their Insureds with at Least a 60-Day Grace Period to Pay Insurance Premiums appeared first on Insurance & Reinsurance.

    Explore Additional Topics

    Disclaimer

    Please understand that your communications with Locke Lord LLP through this website do not constitute or create an attorney-client relationship with Locke Lord LLP. Any information you send to Locke Lord LLP through this website is on a non-confidential and non-privileged basis. Therefore, do not send or include any information in your email that you consider to be confidential or privileged.