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 ORDER REQUIRING AUTO INSURANCE REFUNDS

On May 28, 2020, the Department of Insurance and Financial Services issued order No. 2020-10-M in which it requires automobile insurers to submit to the director a plan to issue premium waivers/refunds or an explanation of why a waiver/refund is not warranted by June 10, 2020. The order also requires automobile insurers who have already advertised, implemented or otherwise advised their policyholders or the public that they are issuing a premium waiver/refund to submit the required filing no later than June 3, 2020.

MI Order No. 2020-10-M