INSURANCE | COVID-19 US Insurance Regulatory Department Updates
There has been significant state insurance regulatory activity related to the novel coronavirus (“COVID-19”) pandemic – which continues to evolve. State insurance regulatory authorities have issued emergency rules and regulations, notices and bulletins, containing both directives and guidance, as well as requesting information related to the COVID-19 outbreak. These regulatory actions vary from state to state, for example:
- Some relate only to specific lines of insurance – such as health insurance, travel insurance and commercial property/casualty insurance – while some are broadly directed at all regulated insurance entities.
- Some require an affirmative response to a state insurance regulator before a specified date, while others simply provide guidance or clarify the insurance department’s position on issues related to the COVID-19 outbreak.
This Legal Update provides a chart that summarizes the regulatory actions of US insurance regulatory authorities with respect to the COVID-19 outbreak, noting items that have been added since our last Update.
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