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Property and Casualty

COVID-19 Report

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Property and Casualty

COVID-19 Report

Connecticut

For Benefits Compliance specific state updates for Connecticut click here.

April 02, 2020

On March 24, 2020, the Connecticut Insurance Department issued Bulletin Number IC-40 to all admitted and non-admitted insurance companies requesting that all admitted and non-admitted insurance companies (including, life, health, auto, property, casualty, etc.) provide their insureds with at least a 60-day grace period to pay insurance premiums so that insurance policies are not cancelled for nonpayment of premium. This requested grace period is intended to be applied to premiums due after the initial premium has been made to secure coverage. It is not intended to change the terms of the issued policy or be considered a forgiveness of the premium. Rather, it is intended that the insurer grant the policyholder an extended grace period for the payment of premium due without penalty or interest.

CT Bulletin Number IC-40

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April 02, 2020

On March 19, 2020, the Connecticut Insurance Department offered a Consumer Advisory regarding Business Interruption Insurance, including a list of FAQs, including:

  • What does my business interruption insurance cover?
  • How does my coverage work if I have more than one business interruption insurance policy?
  • I do not have any policy that says it is a business interruption policy – is it possible that I have coverage under another type of policy?
  • I have a policy that is called a contingent business interruption insurance policy – how is that different from a regular business interruption insurance policy?
  • How does my business interruption insurance policy treat the novel coronavirus (COVID-19)?
  • If I do not have an existing business insurance policy that covers COVID-19, can I buy one?
  • Does my business interruption insurance policy cover me if my employees stay home out of concern about COVID-19?
  • Does the Governor’s declaration of a State of Emergency affect my business interruption insurance policy?

The last answer clarified that the State of Emergency declaration does not change the terms of a business interruption policy. We recommended that businesses review their policies and contact their insurance professionals with any questions.

CT Consumer Advisory

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April 02, 2020

On March 11, 2020, the Connecticut Insurance Department issued a Notice to travel insurers and consumers instructing insurers to accommodate travel cancellation requests under the terms of the policies, taking into account the seriousness of the circumstances and the Emergency Declaration recently issued by the governor. The Notice also includes information for consumers.

CT Notice

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April 02, 2020

On March 26, 2020, the Connecticut Insurance Department issued Bulletin Number IC-41 providing guidance on extensions of automobile insurance coverage for personal delivery drivers to aid people temporarily assigned this duty during the coronavirus pandemic and state of emergency.

CT Bulletin IC-41

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April 08, 2020

On April 1, 2020, the Connecticut Insurance Department issued Executive Order No. 7S to admitted and non-admitted insurance companies in Connecticut (including: life, health, auto, property, casualty) stating that beginning on April 1, 2020, for a period of sixty (60) calendar days ending on June 1, 2020, no insurer may, without a court order, terminate an insurance policy because a policyholder does not pay a premium that is due, with certain exceptions (below):

  • Insurers shall provide such 60-day grace period to individuals who have individual insurance policies and who, as a result of the COVID-19 pandemic, were laid off, furloughed or fired from employment, or otherwise sustained a significant loss in revenue. Such individuals may be required to provide an affidavit.
  • Insurers shall provide such 60-day grace period to businesses that are group policyholders, have group insurance and/or have property/casualty insurance that were required to close or significantly reduce operations or suffered significant revenue loss as a result of the COVID-19 pandemic. Such businesses may be required to provide an affidavit or other statement acceptable to their insurance carriers.
  • This 60-day grace period is not automatic. To be eligible, affected policyholders must provide the information outlined above in an affidavit or other statement acceptable to their insurance carriers.
  • This grace period is not a waiver or forgiveness of the premium; it is only an extension of time in which to pay premiums.
  • Policyholders may be subject to restrictions if they are in receipt of state or federal stimulus funding relating to COVID-19.
  • If a carrier has already provided a policyholder with a 60-day grace period for March and April 2020 premiums, or offers to provide a 60-day grace period for that time frame and it is accepted, the carrier will be deemed to have satisfied the requirements of this Executive Order with respect to that policyholder.
  • This 60-day grace period shall only apply to policyholders that were in good standing with their insurance carrier on March 12, 2020, and shall only apply to premiums due after the initial premium has been made to secure coverage.
  • This 60-day grace period applies only to cancellation or nonrenewals attributed to a failure to pay premiums during the applicable 60-day grace period. If a policy is to be cancelled or nonrenewed for any other allowable reason, the cancellation or nonrenewal may be made.
CT Executive Order No. 7S
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April 17, 2020

On April 6, 2020, the Connecticut Insurance Department issued a notice requesting that insurers consider lowering personal vehicle premiums and adjust commercial hired and non-hired auto insurance in light of the disruption caused by COVID-19.

CT Notice

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April 17, 2020

On April 1, 2020, the Connecticut Insurance Department issued Executive Order No. 7S enacting a 60-day grace period for premium payments, policy cancellations, and nonrenewals of insurance policies through June 1, 2020.

CT Executive Order No. 7S

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April 24, 2020

On April 19, 2020, the Connecticut Insurance Department issues a notice to consumers providing general guidance on business interruption insurance and notifying consumers of the state disaster relief program for small businesses and nonprofits. The notice also directs consumers to the FAQ posted on their website on March 19, 2020. Finally, the Notice directs insurers to avoid reporting negative claims activity when a business owner is only asking if they have business interruption insurance.

CT Notice

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