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    DOI Asks Carriers for Flexibility to Ensure Continuation of Coverage

    Posted by MAIA on March 24, 2020

    The MA Division of Insurance (DOI) on March 23 issued Bulletin 2020-05 to all insurance carriers and self-insurance groups that provide coverage in Massachusetts. The Bulletin outlines the DOI’s expectations for carriers to “provide as much flexibility as is reasonably possible” with regard to collection of premiums, submission of paperwork, and cancellations/non-renewals during this unprecedented disruption in the business environment.

    As the Bulletin states, “Exploring all appropriate flexibility in arrangements and timing of payments will enable Carriers and employers to address short-term difficulties that will help protect both policyholders and the solvency of the Massachusetts insurance market.”   

    READ THE FULL BULLETIN:

    Bulletin 2020-05:  Flexibility in the Issuance and Administration of Insurance During COVID-19 (Coronavirus) Public Health Crisis


     

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    Topics: The Massachusetts Agent, 2020, COVID-19

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