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Three More States Urge Insurers to Hold Off on Premiums

Thursday, March 26, 2020 | 172 | 0 | 11 min read

Three more states' insurance commissioners are encouraging insurers to give employers a grace period on premium payments during the COVID-19 economic crisis. Florida Insurance Commissioner David Altmaier posted a memo today urging carriers to relax due dates, extend reinstatement periods, waive late fees and penalties, and to allow payment plans for policyholders. “Regulated entities are encouraged to only consider cancellation of policies if all possible efforts to work with consumers to continue coverage have been exhausted,” Altmaier's memo reads. &l...

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