California Insurance Commissioner Requests All Insurance Companies Provide Their Insureds with at Least a 60-Day Grace Period to Pay Insurance Premiums
On March 18th, as a result of the COVID-19 outbreak, California Insurance Commissioner Ricardo Lara issued a notice (the “Notice”) to all admitted and non-admitted insurance companies, all licensed producers, and other interested parties requesting that all insurance companies provide their insureds with at least a 60-day grace period to pay insurance premiums so that insurance policies are not cancelled for nonpayment of premium.
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