MAY 5, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
Even though certain states are starting to reopen, many insurers and producers continue to work remotely. Recognizing the practical challenges associated with a remote workforce, which are further complicated by social distancing requirements, more states are offering filing deadline extensions or…
APRIL 28, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
With the initial wave of COVID-19 reactionary regulation behind us, States continue to assess existing emergency measures and terminate, modify, or extend those measures as necessary. Some states are also expanding the availability of, or easing restrictions on, temporary producer licenses in…
APRIL 24, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
While state insurance regulation on COVID-19 related matters continues to slow, we anticipate additional guidance, or modification to prior guidance, as states begin to develop procedures for reopening. REMINDER: We will distribute an updated version of this chart twice a week for the foreseeable…
APRIL 21, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
Most updates today revolve around states continuing to offer either temporary producer licenses or making accommodations for continued education. Additionally, a handful of states are continuing to issue bulletins urging insurers to be flexible and accommodating with their insureds. REMINDER: We…
Shelter-In-Place Orders Spur Regulator Calls for Policyholder Refunds
As COVID-19 shelter-in-place orders keep businesses closed and drivers off the road, the risk of loss normally associated with driving or operating a business has decreased. As a result, personal lines auto insurers have begun to voluntarily return premium to policyholders by automatically…