close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

DEPARTMENT ISSUES BULLETIN CONCERNING PREMIUM REFUNDS, CREDITS AND REDUCTIONS

On May 12, 2020, the New Jersey Department of Insurance issued Bulletin 20-22 ordering insurers to make an initial premium refund or other adjustment to all adversely impacted New Jersey policyholders, and, for each month the public health emergency is in effect, in the following lines of insurance starting as quickly as practicable, but no later than June 15, 2020: private passenger automobile insurance, commercial automobile insurance, workers’ compensation insurance, commercial multiple-peril insurance, commercial liability insurance, medical malpractice insurance, and any other line of coverage where the measures of risk have become substantially overstated as a result of the COVID-19 pandemic.

NJ Bulletin 20-22