{"id":"CA-043","kind":"order","level":"sector-regulator","jurisdiction":"California","state":"CA","metro":"","industry":"","agency":"","eco":"","issuer":"Insurance Commissioner Ricardo Lara","authority":"Ins. Code secs. 1861.01, 1861.05, 12921","instrument":"Bulletin 2020-3","title":"Premium Refunds, Credits, and Reductions in Response to COVID-19 Pandemic","dateIssued":"2020-04-13","effective":"2020-04-13","end":"Extended by Bulletins 2020-4, 2020-8 and 2021-03","startDate":"2020-04-13","endDate":"2020-06-30","quarters":["2020Q2"],"types":["OTHER"],"addressees":["all property and casualty insurers and workers\u0027 compensation insurers"],"clause":"\u0027Commissioner Lara hereby orders insurers to make an initial premium refund for the months of March and April to all adversely impacted California policyholders in the following lines of insurance, as quickly as practicable, but in any event no later than 120 days after the date of this Bulletin\u0027 (private passenger auto, commercial auto, workers\u0027 compensation, commercial multi-peril, commercial liability, medical malpractice and other lines where risk fell). Recital: \u0027Californians were ordered to shelter-in-place shortly thereafter.\u0027","enforcement":"Ins. Code sec. 1861.05; Commissioner\u0027s enforcement powers","functions":["IN insurance premiums and refunds","CB insured businesses"],"notes":"The Commissioner\u0027s own finding that the stay-home orders reduced commerce statewide.","sourceUrl":"https://www.insurance.ca.gov/0250-insurers/0300-insurers/0200-bulletins/bulletin-notices-commiss-opinion/upload/Bulletin_2020-3_re_covid-19_premium_reductions-2.pdf","snapshot":"","fileExists":true,"fileBytes":42074,"grade":"primary","character":"","description":"","collection":"CA","url":"/library/CA-043","exhibitUrl":"/exhibit/CA-043","citation":"Insurance Commissioner Ricardo Lara, Bulletin 2020-3 (Apr. 13, 2020) (Ex. CA-043)","stateName":"California","related":["AGY-ST-INSURANCE-BANKING-093","SEC-13-056","CA-049","CA-042","CA-044","CA-054"]}