On March 19, 2020, the PA Insurance Commissioner issued Notice 2020-04 providing the following guidance:
Due to the spread of COVID-19, Pennsylvania encourages insurers, for policyholders affected by the COVID-19 crisis, and consistent with prudent insurance practices, to consider:
- relaxing due dates for premiums payments
- extending grace periods
- waiving late fees and penalties
- allowing payment plans for premiums payments to otherwise avoid a lapse in coverage
Insurers should consider cancellation or non-renewal of policies only after exhausting other efforts to work with policyholders to continue coverage.Affected policyholders should notify their insurance carriers and agents and explain their individual situation and difficulties complying with payment schedules.
The entire Pennsylvania Notice 2020-04 may be found here.