{"id":"SEC-13-056","kind":"order","level":"sector-regulator","jurisdiction":"California","state":"CA","metro":"","industry":"13","agency":"","eco":"","issuer":"Insurance Commissioner Ricardo Lara (California Department of Insurance)","authority":"Cal. Ins. Code 1861.01, 1861.05, 12921 (as recited by the ST-UTILITIES-HOUSING-AG agency file, Ex. AGY-ST-UTILITIES-HOUSING-AG-073)","instrument":"Bulletin 2020-3","title":"Premium Refunds, Credits, and Reductions in Response to COVID-19 Pandemic","dateIssued":"2020-04-13","effective":"2020-04-13; refunds due no later than 120 days after the bulletin (Aug. 11, 2020)","end":"extended by Bulletin 2020-4 (May 15, 2020), Bulletin 2020-8 (Dec. 3, 2020) and Bulletin 2021-03 (Mar. 11, 2021) for as long as exposure remained reduced","startDate":"2020-04-13","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["all property and casualty insurers and workers\u0027 compensation insurers admitted in California"],"clause":"Commissioner 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: Private passenger automobile insurance; Commercial automobile insurance; Workers\u0027 compensation insurance; Commercial multiple peril insurance; Commercial liability insurance; Medical malpractice insurance; Any other line of coverage where the measures of risk have become substantially overstated as a result of the pandemic.","enforcement":"Order of the Commissioner under the Insurance Code; reporting within 60 days","functions":["IN (premium refunds ordered across seven lines; rating, billing and reporting functions changed)","CB"],"notes":"Same instrument as CA-043 and AGY-ST-UTILITIES-HOUSING-AG-073. The bulletin ties the order to the \u0027shelter-in-place\u0027 orders and the fall in miles, revenue and payroll.","sourceUrl":"http://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":"SEC-13","url":"/library/SEC-13-056","exhibitUrl":"/exhibit/SEC-13-056","citation":"Insurance Commissioner Ricardo Lara (California Department of Insurance), Bulletin 2020-3 (Apr. 13, 2020) (Ex. SEC-13-056)","stateName":"California","related":["CA-043","AGY-ST-UTILITIES-HOUSING-AG-073"]}