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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

The Department of Insurance and Financial Services issues bulletin concerning no-fault auto policies

On July 7, 2020, the Department of Insurance and Financial Services issued Bulletin 2020-31-INS in which it clarified that auto insurers must offer policyholders a midterm endorsement or the option to cancel and reissue their policy so that individuals do not have to wait until their renewal date to take advantage of the previously issued no-fault policy.

MI Bulletin 2020-31-INS