{"id":"CT-063","kind":"order","level":"sector-regulator","jurisdiction":"Connecticut","state":"CT","metro":"","industry":"","agency":"","eco":"","issuer":"Connecticut Insurance Department (Commissioner Andrew N. Mais)","authority":"Insurance Department bulletin; made mandatory by EO 7S section 2","instrument":"Bulletin IC-40","title":"60-Day Grace Period for Insurance Premium Payments Due to the Disruption Caused by the Coronavirus (COVID-19) Outbreak","dateIssued":"2020-03-24","effective":"2020-03-24","end":"60-day grace period; EO 7S s.2 (Apr. 1, 2020) made the grace period binding","startDate":"2020-03-24","endDate":"2020-04-01","quarters":["2020Q2"],"types":["OTHER"],"addressees":["all admitted and non-admitted insurance companies","all licensed producers"],"clause":"the Connecticut Insurance Department is requesting that all insurance companies 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 during this challenging time","enforcement":"Advisory in form; EO 7S section 2 imposed the 60-day grace period and barred cancellation and non-renewal for nonpayment by order","functions":["IN insurance (premium collection, cancellations, non-renewals)","SV servicing"],"notes":"Cite with EO 7S s.2 (CT-012) for the binding rule.","sourceUrl":"https://portal.ct.gov/-/media/cid/1_bulletins/bulletin-ic-40.pdf","snapshot":"","fileExists":true,"fileBytes":136727,"grade":"primary","character":"","description":"","collection":"CT","url":"/library/CT-063","exhibitUrl":"/exhibit/CT-063","citation":"Connecticut Insurance Department (Commissioner Andrew N. Mais), Bulletin IC-40 (Mar. 24, 2020) (Ex. CT-063)","stateName":"Connecticut","related":["CT-012","AGY-ST-INSURANCE-BANKING-038"]}