The Colorado Division of Insurance has issued Bulletin No. B-5.38 on March 27, 2020, to provide directives and guidance to all insurance companies issuing coverage to personal and commercial policyholders to make reasonable accommodations to prevent individuals and businesses from losing coverage due to cancellation for the non-payment of premium during this unprecedented time.

Reasonable accommodations should include, but not be limited to:
  1. Extension of premium grace periods;
  2. Waiver of late payment fees;
  3. A moratorium on cancellations for non-payment;
  4. Defer any non-renewal underwriting actions; and,
  5. Provide a continuation of coverage for any expiring policy.

These accommodations are available for Colorado policyholders as long as the orders are in effect or until the Bulletin is rescinded, whichever is later. If you have any questions about this Notice, please contact your agent or us.