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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

Michigan

For Benefits Compliance specific state updates for Michigan click here.

April 17, 2020

On April 13, 2020, the Department of Insurance issued Bulletin 2020-16 strongly encouraging insurers to 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.

MI Bulletin 2020-16

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April 17, 2020

On April 13, 2020, the Department of Insurance issued Bulletin 2020-18 detailing filing requirements for automobile insurers that plan to issue refunds or premium waivers to their customers as a result of the COVID-19 pandemic.

MI Bulletin 2020-18

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May 08, 2020

On April 29, 2020, the Michigan Legislature introduced HB 5739 concerning business interruption coverage. The bill would require insurance policies issued in Michigan that offer business interruption coverage to include coverage for business interruption due to the novel coronavirus (COVID-19). Under the proposed legislation, insurers must indemnify their insureds, subject to the policy limits, for any “loss of business or business interruption for the duration of the declaration of state of emergency under Executive Order No. 2020-04.” The bill applies to policies “in force on the effective date of this act.” It protects insureds with fewer than 100 full time employees. The bill has been referred to the Committee on Insurance.

MI HB 5739

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July 14, 2020

On June 17, 2020, the governor issued Executive Order No. 2020-125 expanding the definition of “COVID-19 response employee” and confirming that a first-response employee who is confirmed as having COVID-19 is presumed to have suffered a personal injury under workers’ compensation laws.

MI Executive Order No. 2020-125

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July 14, 2020

On June 11, 2020, the Department of Insurance and Financial Services issued a press release announcing an amnesty period in which individuals who have experienced a lapse in auto insurance coverage for any reason are allowed to sign up for coverage without penalties beginning July 2, 2020. It prohibits insurers from limiting coverage, charging a reinstatement fee or increasing the premium for a driver solely due to a lapse in coverage

MI Press Release

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July 14, 2020

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

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September 04, 2020

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

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