Insurance Commissioner Issues Emergency Order Requiring Premium Grace Periods
On March 25, 2020, the Washington Insurance Commissioner issued Emergency Order No. 20-03 ordering all insurers as follows:
- Between March 25, 2020, and May 9, 2020, all insurers transacting property and casualty insurance business shall provide grace periods for nonpayment of premium and shall waive otherwise applicable charges and fees associated with nonpayment of premium, such as late fees and reinstatement fees.
- Between March 25, 2020, and May 9, 2020, no property and casualty insurer shall cancel a policy issued for nonpayment of premium, unless specifically directed to do so by the insured.
WA Emergency Order