Insurer Flexibility Due to COVID-19

On April 13, 2020, the Department of Insurance and Financial Services (DIFS) issued Bulletin 2020-16, advising all insurers doing business in Michigan to consider flexibility regarding premium payment and claims filing. Specifically, DIFS encourages insurers to:

  • Provide a 60-day grace period for premium payments (to avoid cancellation due to nonpayment)
  • Adjust claim filing deadlines to accommodate insureds who may encounter difficulty in timely providing notice of a claim as a result of COVID-19

While the bulletin impacts insurers, employers should be aware of these developments.

Bulletin 2020-16 »