Connecticut Insurance Commissioner, Andrew Mias, issues Bulletin to all admitted and non-admitted companies, licensed producers, and other interested parties outlining the sixty (60) day premium payment extension due to COVID-19 Outbreak.
Commissioner Mias states that this is in response to the pandemic and subsequent interruptions that may be caused by quarantines and other stay-at-home orders. This is will protect insureds during this period so that policies are not cancelled for nonpayment.
Additionally, agents, brokers and other licensees who accept premium payments should make electronic payment options readily available.