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Ex. CT-063 Order Primary source read

Bulletin IC-40

60-Day Grace Period for Insurance Premium Payments Due to the Disruption Caused by the Coronavirus (COVID-19) Outbreak

Connecticut Insurance Department (Commissioner Andrew N. Mais) · Connecticut (Sector regulator)

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The COVID Project

The record

Jurisdiction
Connecticut
Level
Sector regulator
Authority
Insurance Department bulletin; made mandatory by EO 7S section 2
Issued
2020-03-24 Mar. 24, 2020
Effective
2020-03-24
End
60-day grace period; EO 7S s.2 (Apr. 1, 2020) made the grace period binding (read as 2020-04-01)
In force
Mar. 24, 2020 to Apr. 1, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • all admitted and non-admitted insurance companies
  • all licensed producers
Functions reached
  • IN insurance (premium collection, cancellations, non-renewals)
  • SV servicing
Collection
Connecticut CT

Operative words

the Connecticut Insurance Department 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

Enforcement

Advisory in form; EO 7S section 2 imposed the 60-day grace period and barred cancellation and non-renewal for nonpayment by order

Notes

Cite with EO 7S s.2 (CT-012) for the binding rule.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.