CO| Bulletin No. B-6.05, issued by the Colorado Division of Insurance, addresses the impact of the ongoing federal government shutdown affecting approximately 57,000 federal employees and their families in Colorado, who face furloughs or unpaid work. It urges insurance carriers to support these federal employees by avoiding cancellations, lapses in coverage, or late fees caused by temporary interruptions in federal pay beyond their control. The Division encourages carriers to provide a 30-day grace period for premium payments, refrain from assessing late fees or penalties related to delayed payments, offer alternative payment arrangements, and communicate effectively with affected policyholders about available accommodations. This guidance aims to ensure that consumers maintain continuous coverage during this period of financial hardship.
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