MI| The Director of the Department of Insurance and Financial Services recognizes that many Michiganders are experiencing extreme financial hardship during the COVID-19 pandemic and may have difficulty timely paying their insurance premiums or filing claims. The Director is concerned that the potential loss of valuable insurance coverage may create additional uncertainty and financial hardship for Michiganders.
This bulletin advises all insurers doing business in Michigan, regardless of the line of coverage, to consider flexibility to help insureds avoid additional financial consequences as a result of their inability to pay insurance premiums or timely file claims.