{"id":"AGY-ST-INSURANCE-BANKING-026","kind":"context","level":"sector-regulator","jurisdiction":"Maryland; Maryland Insurance Administration","state":"MD","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Insurance Commissioner","authority":"Md. Code, Ins. § 2-108","instrument":"Bulletin No. 20-20","title":"Commercial Insurance / COVID-19","dateIssued":"2020-04-13","effective":"2020-04-13","end":"For the duration of the State of Emergency","startDate":"2020-04-13","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["all property and casualty insurance companies and producers"],"clause":"[The Administration encourages insurers] to adjust premiums mid-term as needed to reflect reductions in payroll and [sales]... 4) COVID-19 claim inquiries: [insurers are to report the number of policyholders who have] made inquiries or filed Business Interruption claims that have not resulted in a claim payment.","enforcement":"Md. Code, Ins. § 2-108 (reports); § 4-113","functions":["IN commercial lines premium audit and business-interruption claims handling","CB commercial policyholders with reduced payroll and sales in every industry"],"notes":"Recites that \u0027Business Interruption claims arising from COVID-19 are typically not covered\u0027 and requires reporting of BI claim inquiries; Bulletin 20-21 (Ex. 027) recites that 20-20 \u0027encourag[ed] insurers to adjust premiums mid-term as needed to reflect reductions in payroll.\u0027","sourceUrl":"https://insurance.maryland.gov/Insurer/Documents/bulletins/20-20-Commercial-Insurance-COVID-19.pdf","snapshot":"","fileExists":true,"fileBytes":245056,"grade":"primary","character":"context","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-026","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-026","citation":"Insurance Commissioner, Bulletin No. 20-20 (Apr. 13, 2020) (Ex. AGY-ST-INSURANCE-BANKING-026)","stateName":"Maryland","related":["AGY-ST-INSURANCE-BANKING-027","AGY-ST-INSURANCE-BANKING-025","AGY-ST-INSURANCE-BANKING-024"]}