IA| Bulletin 24-03 provides ongoing guidance to individuals and entities regulated by the Iowa Insurance Commissioner when severe weather and natural disasters impact Iowa consumers. In light of the ongoing guidance provided by this bulletin, the Commissioner rescinds the following Bulletins immediately.
• Bulletin 21-04: Derecho Damage Deadlines (dated 7/26/21)
• Bulletin 19-04: Insurance Consumers impacted by severe weather and natural disasters
(dated 6/17/19)
Cancellation Grace Period Due to Nonpayment or Late Payment
The Commissioner requests all insurers licensed in this state allow coverage to remain in effect for any Iowa insured who resides in a county where a state disaster proclamation is in place and who has had their ability to timely act or respond to an insurer materially affected.
Information regarding state disaster proclamations is available at DisasterRecovery.iowa.gov.
The Bulletin also offers guidelines for:
- Waiving Frequency Limits for Prescription Drugs, Durable Medical Equipment, and Medical Supplies
- Out-of-Network Benefits Treated as In-Network
- Reporting Requirements for Claims
- Claim resolution
- Letter of Declination for FEMA
- Timing of relief