{"id":"AGY-ST-INSURANCE-BANKING-102","kind":"context","level":"sector-regulator","jurisdiction":"Massachusetts; Division of Insurance","state":"MA","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Gary D. Anderson, Commissioner of Insurance","authority":"M.G.L. c. 26, § 8A","instrument":"Bulletin 2020-17","title":"Flexibility in the Administration of Vacancy Clauses during COVID-19 (Coronavirus) Public Health Crisis","dateIssued":"2020-05-18","effective":"2020-05-18","end":"For the duration of the Governor\u0027s Emergency Orders closing non-essential businesses","startDate":"2020-05-18","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["CLOSE","OTHER"],"addressees":["all property and casualty insurance carriers"],"clause":"[Because commercial property] policies may include provisions that limit coverage in the event that a property is vacant for a certain number of days, the Division believes that Carriers should be looking for all ways to be flexible in counting days of vacancy to provide coverage to business owners... Carriers are expected to do the following: Take steps to be flexible with accounts regarding vacancy limitations in policies issued to those businesses not deemed \u0027essential\u0027 under Governor Baker\u0027s Emergency Orders and [therefore closed]; When counting days that a property is considered vacant, exclude days that the property is vacant due to the Governor\u0027s Emergency Orders, provided that the property is properly [secured and maintained].","enforcement":"M.G.L. c. 176D","functions":["IN commercial property underwriting and claims","CB every business \u0027not deemed essential under Governor Baker\u0027s Emergency Orders\u0027 whose premises stood vacant","SF/ML premises closed (industries 07, 05, 17, 18)"],"notes":"The insurance regulator\u0027s finding that non-essential businesses\u0027 premises were \u0027vacant due to the Governor\u0027s Emergency Orders.\u0027","sourceUrl":"https://www.mass.gov/doc/bulletin-2020-17-flexibility-in-the-administration-of-vacancy-clauses-during-covid-19/download","snapshot":"https://web.archive.org/web/20200620160506/https://www.mass.gov/doc/bulletin-2020-17-flexibility-in-the-administration-of-vacancy-clauses-during-covid-19/download","fileExists":true,"fileBytes":66785,"grade":"primary","character":"context","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-102","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-102","citation":"Gary D. Anderson, Commissioner of Insurance, Bulletin 2020-17 (May 18, 2020) (Ex. AGY-ST-INSURANCE-BANKING-102)","stateName":"Massachusetts","related":["AGY-ST-INSURANCE-BANKING-101","AGY-ST-INSURANCE-BANKING-100"]}