Updates on Covid – 19 Premium Relief

Updates on Covid – 19 Premium Relief
Insure Covid

On April 13th, 2020 Ricardo Lara the commissioner of the California Department of Insurance announced that businesses and consumers should be eligible for a premium refund for payments made in March and April due to the effects of the COVID-19 crisis. The commissioner stated Insurers may comply with the refund by providing a premium credit, reduction, return of premium, or other appropriate premium adjustment. Click here to read the full DOI announcement.

The lines of insurance eligible for premium refunds: 

  • Commercial liability insurance
  • Commercial automobile insurance
  • Medical malpractice insurance
  • Workers’ compensation insurance
  • Commercial multiple peril insurance
  • Private passenger automobile insurance
  • Any other line of coverage where the risk may have become substantially overstated as a result of the pandemic.

Click here to read more.


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