April 2, 2020
NOTICE TO ALL ENTITIES LICENSED OR REGULATED BY THE CONNECTICUT INSURANCE
DEPARTMENT INCLUDING ADMITTED AND NON-ADMITTED INSURERS,
INSURANCE PRODUCERS AND SURPLUS LINES BROKERS
CONCERNING
CONNECTICUT INSURANCE DEPARTMENT INTERPRETIVE GUIDANCE NO. 1 FOR
THE GOVERNOR’S EXECUTIVE ORDER NO. 7S
- The Governor’s Executive Order No. 7S, dated April 1, 2020, works in conjunction with Connecticut Insurance Department Bulletin IC-40. If an insurance company has already extended the grace period of 60 days, pursuant to Bulletin IC-40, the company is considered to be in compliance with Executive Order No. 7S even if such 60-day period ends prior to June 1, 2020. Any extended grace period issued on or after April 1, 2020 is not required to go beyond June 1, 2020, pursuant to Executive Order No. 7S.
- The term “Individuals” as used in subparagraph (a) of Executive Order No. 7S means individuals that have purchased individual insurance policies and not individuals that have been laid off, furloughed, or fired from employment where they receive an employer sponsored group insurance policy.
- In connection with Executive Order No. 7S, insurers have asked whether written notice is required to be provided to insureds notifying them of the 60-day grace period for the payment of insurance premiums as outlined in the Executive Order. Given the circumstances facing the State, the Department believes that it would be appropriate for insurers to notify insureds, brokers and producers of the 60-day grace period by any reasonable means including, but not limited to, electronic communications. Written notice is not required.