COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (July 23, 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.

Property and Casualty Insurance

Colorado: Effective July 22, the Colorado Division of Insurance issued Emergency Regulation 20-E-10 to require insurance companies to waive their policy restrictions in order for employees to continue to work while using their own personal automobile for commercial food delivery.

Oregon: On July 22, the Oregon Consumer and Business Services /Division of Financial Regulation extended the Order directing all insurers to institute grace periods for premium payment, suspends cancellations and nonrenewals, and provides other specified relief to Oregon insureds. The Order is extended until July 31, 2020.

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