COVID-19 Relief: States Begin Extending Insurance Premium Grace Periods

• The extension of the grace period does not eliminate the obligation to pay the premium, but limits policy cancellation for late payment.

• Applies to all insurance policies issued in this state.
• Extension is not automatic.
• To be eligible, affected policyholders must request this extension from their insurance carriers.
• Insurance carriers may request evidence of diagnosis.

• Applies to all admitted and non-admitted insurance companies that provide any insurance coverage in California.
• Requests that all insurance agents, brokers, and other licensees take steps to ensure customers can make prompt insurance payments.

• Applies to all admitted and non-admitted insurance companies that provide any insurance coverage in Connecticut.
• To be eligible, affected policyholders must provide the information in an affidavit or other statement acceptable to their insurance carriers.
• Does not apply to self-funded health plans

• Applies to admitted and non-admitted carrier and all lines of insurance.
• Policyholders are encouraged to contact their carriers to discuss their options if they are suffering a COVID-19 related hardship.
• Producer licensees are advised to take all necessary actions to ensure their ability to promptly service claims and provide other essential services to insureds.

• Applies to both personal and commercial lines of property and casualty insurance and all lines of life and health insurance.
• Reasonable accommodations may include suspension of premiums due, extension of billing due dates and premium grace periods, and waiver of installment and late payment fees.
• Insurers should take steps to encourage policyholders to use electronic payment technology on websites, apps and electronic bank transfers whenever possible.

Health insurers must allow employers to continue covering employees even if the employee would otherwise become ineligible for insurance because of a decrease in the hours worked a week.