On March 20, 2020, Georgia Commissioner of Insurance, John King, issued Directive 20-EX-5 providing the following:
- The Commissioner directs all Property & Casualty insurers to refrain from cancelling any commercial policies that include business interruption or business income coverage, for the cause of non-payment for 60 days, beginning March 20, 2020. Should the pandemic last longer than expected, the Commissioner may lengthen the time the prohibition is in effect.
- To protect the health and safety of regulatory and industry staff, the Commissioner is suspending certain activities that require in-person interaction. Accordingly, all in-person, on-site exams, audits, and licensing requirements are suspended until conditions improve, and the Commissioner deems it safe to return to normal practices.
- Due to the temporary closing of Pearson VUE and PSI testing centers, the Commissioner directs any applicants who have not yet taken their licensing tests to compile all necessary documentation for a license and submit to the Department. After the test centers re-open, the Department will be able to process their applications speedily.
- The Commissioner is also making temporary and appropriate accommodations for certain insurer filing requirements and attendant deadlines during this period of national emergency. Accordingly, all non-federal filing deadlines are temporarily suspended, and all applicable late filing fees are waived until the Commissioner determines business operations may return to normal. This suspension is not applicable to product filings. Inquiries about these waivers should be directed to Steve Manders.
- The Commissioner will be offering immediate and expedited review for products that are critical due to the COVID-19 outbreak or its effects.
See the entire Directive here.