Commissioner Issues Bulletin Concerning Travel Insurance
On March 20, 2020, the Maryland Insurance Commissioner issued Bulletin No. 20-09 to all property andcasualty insurers and all property and casualty insurance producers concerning travel insurance sales during the COVID-19 State of Emergency. In the Bulletin, the Maryland Insurance Administration requests that insurers that issue travel insurance policies during the COVID-19 emergency provide an option for consumers to purchase a Cancel For Any Reason waiver, or otherwise offer an option to purchase trip cancellation coverage that will reimburse nonrefundable costs if the trip is cancelled due to COVID-19. The Bulletin did not address policies issued prior to the COVID-19 outbreak.
MD Bulletin No. 20-09