{"id":"UT-061","kind":"order","level":"sector-regulator","jurisdiction":"Utah","state":"UT","metro":"","industry":"","agency":"","eco":"","issuer":"Todd E. Kiser, Utah Insurance Commissioner, Utah Insurance Department","authority":"Utah Insurance Rule R590-190 (claims settlement practices); Utah Code Title 31A","instrument":"Bulletin 2020-2","title":"Guidance for Business Interruption Claims Related to COVID-19 or the March 18 Earthquake","dateIssued":"2020-03-23","effective":"2020-03-23","end":"Guidance; no stated end","startDate":"2020-03-23","endDate":"2020-06-30","quarters":["2020Q2"],"types":["OTHER"],"addressees":["insurers offering property and casualty insurance coverage in Utah"],"clause":"The Department recognizes that earthquake damage and unforeseen business closures can cause financial stress, and strongly requests that insurers work to remediate their insureds in a timely manner.... The Department urges insurers to promptly process and pay claims related to earthquake or COVID-19 - particularly claims for business interruption losses to minimize the impact to insureds.","enforcement":"Regulatory guidance to licensed insurers","functions":["IN insurance claims handling (business interruption)","regulator\u0027s recognition of \u0027unforeseen business closures\u0027 in March 2020"],"notes":"Issued two days after the UDOH Mar. 21 order; scanned document read by OCR.","sourceUrl":"https://insurance.utah.gov/wp-content/uploads/2020-2Signed.pdf","snapshot":"","fileExists":true,"fileBytes":597618,"grade":"primary","character":"","description":"","collection":"UT","url":"/library/UT-061","exhibitUrl":"/exhibit/UT-061","citation":"Todd E. Kiser, Utah Insurance Commissioner, Utah Insurance Department, Bulletin 2020-2 (Mar. 23, 2020) (Ex. UT-061)","stateName":"Utah","related":["UT-057"]}