{"id":"AGY-ST-UTILITIES-HOUSING-AG-072","kind":"order","level":"sector-regulator","jurisdiction":"California (Insurance Commissioner)","state":"CA","metro":"","industry":"","agency":"ST-UTILITIES-HOUSING-AG","eco":"","issuer":"Insurance Commissioner Ricardo Lara","authority":"Cal. Ins. Code 12921","instrument":"Notice: 60-Day Grace Period for Insurance Premium Payments Due to the Disruption Caused by the Novel Coronavirus (COVID-19) Outbreak","title":"Notice to all admitted and non-admitted insurance companies, all licensed producers and other interested parties requesting at least a 60-day grace period for premium payments and alternate methods of payment","dateIssued":"2020-03-18","effective":"2020-03-18","end":"Request for a 60-day period.","startDate":"2020-03-18","endDate":"2020-06-30","quarters":["2020Q2"],"types":["OTHER"],"addressees":["all admitted and non-admitted insurance companies providing any insurance coverage in California, including life, health, auto, property, casualty and other lines (the FAIR Plan Association\u0027s member insurers included)","all insurance agents, brokers and other licensees who accept premium payments"],"clause":"In response to the disruption caused by the outbreak, Insurance Commissioner Ricardo Lara is requesting that all insurance companies provide their insureds with at least a 60-day grace period to pay insurance premiums so that insurance policies are not cancelled for nonpayment of premium during this challenging time due to circumstances beyond the control of the insured. This request is directed to all admitted and non-admitted insurance companies that provide any insurance coverage in California including, life, health, auto, property, casualty, and other types of insurance. In addition, Commissioner Lara is requesting that all insurance agents, brokers, and other licensees who accept premium payments on behalf of insurers take steps to ensure that customers have the ability to make prompt insurance payments. This should include alternate methods of payment, such as online payments, to eliminate the need for in-person payment methods, in order to protect the safety of workers and customers.","enforcement":"A regulatory request, not an order; issued under the Commissioner\u0027s supervisory authority and followed by the mandatory refund order of April 13, 2020 (Ex. 073)","functions":["IN insurers\u0027 cancellation and billing operations (grace period requested)","BR and OP agents\u0027 and brokers\u0027 in-person payment handling replaced by remote methods","CB policyholders"],"notes":"The notice recites that \u0027emergency public health measures by state and local leaders are contributing to widespread interruptions and loss of income for many California consumers and businesses.\u0027","sourceUrl":"http://www.insurance.ca.gov/0400-news/0100-press-releases/2020/upload/nr030-BillingGracePeriodNotice03182020.pdf","snapshot":"","fileExists":true,"fileBytes":31425,"grade":"primary","character":"","description":"","collection":"AGY-ST-UTILITIES-HOUSING-AG","url":"/library/AGY-ST-UTILITIES-HOUSING-AG-072","exhibitUrl":"/exhibit/AGY-ST-UTILITIES-HOUSING-AG-072","citation":"Insurance Commissioner Ricardo Lara, Notice: 60-Day Grace Period for Insurance Premium Payments Due to the Disruption Caused by the Novel Coronavirus (COVID-19) Outbreak (Mar. 18, 2020) (Ex. AGY-ST-UTILITIES-HOUSING-AG-072)","stateName":"California","related":["AGY-ST-UTILITIES-HOUSING-AG-073"]}