Matt Lesser

Lesser Applauds New Request for a 60-day Grace Period for Insurance Premium Payments

HARTFORD, CT – Today, State Senator Matt Lesser (D-Middletown), who serves as Senate Chair of the Insurance & Real Estate Committee, applauded today’s decision by the Connecticut Insurance Department to request that all insurance companies provide their insureds with at least a 60-day grace period to pay insurance premiums so that insurance policies are not cancelled for nonpayment of premium.

The Bulletin, Bulletin IC-40, can be found on the Insurance Department’s website here: https://portal.ct.gov/CID/Bulletins/Current-List-of-Bulletins.

“I strongly support Commissioner Mais’ bulletin giving residents and businesses a 60 day grace period for canceling insurance coverage,” said Sen. Lesser, “and I urge Connecticut insurers to swiftly comply.”

“This is a big deal for families and businesses. This is the kind of protective action that will keep Connecticut residents safe. In difficult financial times, loss of insurance can accelerate financial problems for individuals dealing with loss of income or closure of a business. This is particularly important in light of the COVID-19 outbreak; this move protects them from potentially losing health insurance during this pandemic, which could lead to disastrous consequences.”