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
Connecticut: On August 4, the Connecticut Insurance Department issued a notice to all producers and insurers transacting business in Connecticut to advise the industry that it is discontinuing issuing temporary insurance producer licenses for new resident applicants. Temporary resident insurance producer license applications filed with the Connecticut Insurance Department on or before August 13, 2020, that meet the requirements of the notice, will be approved.
Georgia: On August 5, Governor Kemp signed SB 359 establishing immunity for claims arising from entities’ premises, the manufacture of personal protective equipment, and the provision of medical care unless the defendant’s actions constitute gross negligence, willful or wanton misconduct, or reckless or intentional infliction of harm. Additionally, the law includes provisions providing the defendant with a rebuttable presumption of assumption of the risk by the claimant.
The post COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 6, 2020) appeared first on Insurance & Reinsurance.
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