Pursuant to Governor Andrew Cuomo’s Executive Order 202.14, on April 7, 2020 the Department of Financial Services issued Emergency Regulation 62, which states in part that insurers “…shall extend the period for the payment of premiums to the later of the expiration of the applicable contractual grace period and 11:59 p.m. on June 1, 2020 for any individual, small group, or student blanket comprehensive health insurance policy, for any policyholder or contract holder who can demonstrate financial hardship as a result of the COVID-19 pandemic”.
Insurance producers are required to provide notification to policyholders by April 21, 2020, which represents 10 business days from the regulation was issued.
EP Nevins Insurance Agency, Inc. will continue to keep you abreast of important information as it becomes available.
Although we are not currently engaging in any in-person appointments we are working diligently everyday electronically so that we may be of service to you – our VALUED Clients and Prospects during this time of financial uncertainty. Please feel free to reach out to us directly at (518) 464-0400 or via email at firstname.lastname@example.org with any questions or concerns.
We hope you are all safe and healthy as we continue to navigate this challenging time and we are looking.
Disclaimer: The content of this message is for informational purposes only, and is not intended to provide legal advice. You should contact your legal counsel for legal guidance.