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Ex. CA-042 Order Primary source read

Notice of March 18, 2020

Notice: 60-Day Grace Period for Insurance Premium Payments Due to the Disruption Caused by the Novel Coronavirus (COVID-19) Outbreak

Insurance Commissioner Ricardo Lara · California (Sector regulator)

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The COVID Project

The record

Jurisdiction
California
Level
Sector regulator
Authority
Ins. Code secs. 12921, 12926
Issued
2020-03-18 Mar. 18, 2020
Effective
2020-03-18
End
Extended by the May 15, 2020 notice (CA-054) (read as 2020-05-15)
In force
Mar. 18, 2020 to May 15, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • all admitted and non-admitted insurance companies
  • producers
Functions reached
  • IN insurance billing and cancellations
  • SV collections
Collection
California CA

Operative words

'Commissioner Lara 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 due to circumstances beyond the control of the insured.'

Enforcement

Request of the regulator; Unfair Practices Act oversight

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.