Insurance Relief

March 25, 2020

Yesterday, the Insurance Commissioner called on the insurance companies to provide a 60 day grace period for folks who have a hard time paying their premiums.

Insurance Department calls on insurers to extend a grace period for premium payments during the COVID-19 crisis

Connecticut Insurance Department (CID) Commissioner Andrew N. Mais today sent a bulletin to every insurance company in the state calling on them to immediately institute a grace period for insurance premium payments in light of the disruption caused by the COVID-19 pandemic.

The commissioner is requesting that all admitted and nonadmitted insurance companies that offer any insurance coverage in Connecticut – including life, health, auto, property, casualty, and other types of insurance – to immediately provide customers with a 60-day grace period without interest or penalty to pay their insurance premiums.

For more information, see the press release CID.