{"id":"SEC-13-061","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","instrument":"Bulletin 2021-03","title":"Premium Refunds, Credits, and Reductions in Response to COVID-19 Pandemic (continued)","dateIssued":"2021-03-11","effective":"2021-03-11 (directs additional relief from March 2020 forward)","end":"reporting and relief directives continuing through 2021 (the California State file (CA-048) records \u00272021\u0027)","startDate":"2021-03-11","endDate":"2021-09-30","quarters":["2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["all admitted and nonadmitted property and casualty and workers\u0027 compensation insurers"],"clause":"This Bulletin 2021-03... directs insurance companies to take the following actions: Do more to return additional premium relief from March 2020 forward, and report these additional premium returns to the Department, commensurate with continuing reductions in the exposure to loss for particular lines of insurance. Communicate with their policyholders about how they will return premiums... To date, private passenger automobile insurance companies have returned more than $1.75 billion in premium for 2020 to California drivers","enforcement":"Order of the Commissioner; reporting directives","functions":["IN (continuing premium-return and reporting duties in 2021)","CB"],"notes":"Same instrument as CA-048. Its recital ties the 2020 refunds to \u0027the statewide and local public health stay-at-home orders\u0027.","sourceUrl":"http://www.insurance.ca.gov/0250-insurers/0300-insurers/0200-bulletins/bulletin-notices-commiss-opinion/upload/Bulletin-2021-03-Premium-Refunds-Credits-and-Reductions-in-Response-to-COVID-19-Pandemic.pdf","snapshot":"","fileExists":true,"fileBytes":353155,"grade":"primary","character":"","description":"","collection":"SEC-13","url":"/library/SEC-13-061","exhibitUrl":"/exhibit/SEC-13-061","citation":"Insurance Commissioner Ricardo Lara (California Department of Insurance), Bulletin 2021-03 (Mar. 11, 2021) (Ex. SEC-13-061)","stateName":"California","related":["CA-048","SEC-13-056"]}