Information for Washington state P&C companies and producers re: COVID-19 pandemic and state of emergency
Today, Washington state Insurance Commissioner Mike Kreidler issued an emergency order and a claims advisory notice to all authorized and unauthorized property and casualty companies and licensees that conduct insurance business in Washington state.
The emergency order instructs all P&C carriers in Washington state to allow a grace period to policyholders for the payment of premiums until May 9, 2020. The grace period includes a ban on cancelations and any late or related fees due to nonpayment of premiums.
The claims advisory outlines Commissioner Kreidler’s expectations that all P&C insurers continue to follow the minimum standard of claims handling regulations found in WAC 284-30-330 through WAC 284-30-380.
The COVID-19 pandemic is unprecedented in our lifetimes and has tested the resilience of Washington consumers, businesses and governments. We all have a role to play in protecting Washington state’s consumers and economy.
If you have questions about either of these directives, please contact the OIC at email@example.com.