Image Map
  1. AAIS Issues COVID-19 Memorandum and Policyholder Notices
  2. P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses
  3. Contact Local Chambers of Commerce On Business Interruption Insurance
  4. North Carolina Insurance Commissioner Issues Premium Deferral Letter
  5. OCI Bulletin, March 26, 2020, Extension of Transitional Health Insurance Plans Through December 31, 2021
  6. OCI Press Release, March 26, 2020, Gov. Evers and Insurance Commissioner Urge Insurers to Allow Small Employers to Keep Furloughed Employees on Health Insurance
  7. OCI Press Release, March 26, 2020, Evers Administration Issues Guidance for Businesses During COVID-19 Emergency
  8. OCI Bulletin, March 26, 2020, Small Employer Coverage
  9. NAIC Statement on Congressional Action Relating to COVID-19
  10. AAIS BOP Bulletin 20-0068 / Posted Mar 25, 2020
  11. Commissioner Afable: Notice to All Insurers
  12. Governor Issues Safer at Home Emergency Order #12 With Insurance Exemption
  13. OCI Update: Electronic Filings
  14. OCI Bulletin, March 23, 2020 - Coverage for Delivery Drivers for Restaurants
  15. WAMIC Letter to Governor Evers Requesting an Exception to the Safer at Home Order
  16. NAMIC Letter to Governor Evers Requesting an Exception to any Stay-at-Home order for Insurers
  17. OCI Press Release, March 20, 2020, Governor Evers, Insurance Commissioner Afable Ask Insurers to Offer Flexibility to Wisconsinites Facing Economic Hardship during COVID-19
  18. OCI Bulletin: March 20, 2020, Complying with Regulatory Requirements During the Public Health Emergency
  19. U.S. Orders up to a Yearlong Break on Mortgage Payments
  20. Congressional Letter to Insurance Industry Trade Association Executives
  21. Pandemic Risk Insurance Act Proposed
  22. IRS Issues Guidance on a 90-Day Extension for Tax Payments
  23. April 7 Wisconsin Primary Election - Register to Vote and Order Absentee Ballots online
  24. OCI Issues Temporary Changes for CE requirements
  25. AAIS Bulletin: COVID-19 Coverage Information
  26. Beware COVID-19 Scams
  27. Coronavirus COVID-19 Related Links
  28. Governor Orders DHS to Issue an Order Prohibiting Mass Gatherings of More Than 10 People
  29. Governor Issues Moratorium on Mass Gatherings of 50 People or More
  30. OCI Bulletin: Regulatory Flexibility Regarding COVID-19

AAIS Issues COVID-19 Memorandum and Policyholder Notices

The following AAIS product bulletins have been issued and are available to you on www.aaisdirect.com.

20-0070 CW AgOP COVID-19 Memorandum and Sample Policyholder Notice Available
20-0071 CW FO COVID-19 Memorandum and Sample Policyholder Notice Available
20-0072 CW IMG COVID-19 Memorandum and Sample Policyholder Notice Available
20-0073 CW CIM COVID-19 Memorandum and Sample Policyholder Notice Available
20-0074 CW FIM COVID-19 Memorandum and Sample Policyholder Notice Available
20-0075 CW CP COVID-19 Memorandum and Sample Policyholder Notice Available
20-0076 CW CL COVID-19 Memorandum and Sample Policyholder Notice Available

FORGOT YOUR PASSWORD?
If you need to recover your password, you can use the 'Forgot your password?' link on www.aaisdirect.com

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P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses

The property/casualty industry estimates that business interruption losses from the coronavirus just for small businesses in the U.S. could be between $220-$383 billion per month — or a quarter to half of the total industry surplus available to pay all P/C claims. Read more...

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Contact Local Chambers of Commerce On Business Interruption Insurance

To: All NAMIC Members

Deadline: April 1, 2020, Close of business

Action: Contact Local Chambers of Commerce on Business Interruption Insurance

Recently, a coalition of small and local chambers of commerce began a campaign calling for mandated business interruption coverage of COVID-19. Branded as the “Save Small Business Coalition,” the group is calling on insurance commissioners to mandate the coverage, while loosely calling for an insurance mechanism that is funded by government sources. Read more...

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North Carolina Insurance Commissioner Issues Premium Deferral Letter

RALEIGH — All insurance companies doing business in North Carolina have been ordered to defer premium payments for customers under an emergency declaration activated by the state’s insurance chief. Read more...

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OCI Bulletin, March 26, 2020, Extension of Transitional Health Insurance Plans Through December 31, 2021

On January 31, 2020, the Centers for Medicare and Medicaid Services (CMS) released a bulletin allowing states to permit insurers to renew transitional policies as long as such policies come into compliance with certain specified market reforms by January 1, 2022.[1]  Specifically, the new guidance on transitional plans extends the use of transitional plans through December 31, 2021. In light of this new federal guidance, the Office of the Commissioner of Insurance (OCI) is issuing this bulletin to allow for the extension of these plans as outlined by CMS. Read more...

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OCI Press Release, March 26, 2020, Gov. Evers and Insurance Commissioner Urge Insurers to Allow Small Employers to Keep Furloughed Employees on Health Insurance

Madison, Wis. – At the direction of Governor Tony Evers, Insurance Commissioner Mark Afable called on Wisconsin health insurers to give small employers the option to keep employees who are furloughed or working fewer than 30 hours per week on employer-sponsored health insurance. Health insurers often have contracts with small employers to only insure employees who are considered “active status," meaning they work 30 or more hours per week. With the COVID-19 public health emergency requiring non-essential businesses to close, many employees working for small employers may be furloughed or work fewer than 30 hours per week. Insurers should allow small employers to continue paying the insurance premium for impacted employees if they can do so during Gov. Evers'  Safer at Home order. Read more...

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OCI Press Release, March 26, 2020, Evers Administration Issues Guidance for Businesses During COVID-19 Emergency

Madison, Wis. – Today, the Evers administration issued guidance for essential businesses during the COVID-19 public health emergency. The guidance includes information about business interruption insurance from the Office of the Commissioner of Insurance (OCI) and business loans and grants from the Wisconsin Economic Development Corporation (WEDC). Read more...

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OCI Bulletin, March 26, 2020, Small Employer Coverage

The Office of the Commission of Insurance (OCI) is providing guidance to insurers regarding small employer coverage requirements, and Wisconsin's continuation law during the COVID-19 public health emergency.  Read more...

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NAIC Statement on Congressional Action Relating to COVID-19

The NAIC issued a statement on the recent congressional actions to address the COVID-19 pandemic. Read more...

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AAIS BOP Bulletin 20-0068 / Posted Mar 25, 2020

AAIS issued a BOP Bulletin to address COVID-19. 

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Commissioner Afable: Notice to All Insurers

Notice to All Insurers

Earlier today, Governor Tony Evers issued the Safer at Home order. Please read the order available here.

The order is effective at 8:00 a.m. on Wednesday, March 25, 2020, and remains in effect until 8:00 a.m. Friday, April 24, 2020, or until a superseding order is issued.

Wisconsin residents must comply with this order. As outlined in the order, individuals can leave their home to perform tasks essential to maintaining health and safety, to get services and supplies necessary for staying home, and to care for others.

Under the governor’s order, insurance is designated as an essential business. Still, I urge all insurers to follow guidance included in the order and the health and safety guidelines from the Department of Health Services.

As much as possible, I encourage insurers to have employees work remotely and maintain social distancing. I also strongly encourage agents and agencies to work remotely. It is up to each of us to follow the governor’s order to protect our communities and our state.

The OCI is working remotely to protect the safety and wellbeing of our staff. Transitioning to telework has required rapid innovation from our team but we believe that most if not all insurers can also implement similar practices.

We want to thank those insurers who have already transitioned to telework for their employees and those who are assisting our staff by using email and electronic submission for filings and requests.

Please visit the state’s COVID-19 website for more information and links to individual agencies: https://govstatus.egov.com/wi-covid-19.

With appreciation,
Commissioner Mark Afable

Mark V. Afable
Commissioner
Wisconsin Office of the Commissioner of Insurance

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Governor Evers Issues Safer at Home Emergency Order #12 With Insurance Exemption

Governor Tony Evers issued Emergency Order #12 on Tuesday, March 24, 2020. The order includes an exemption for insurance companies in two places.

First, the order, on page 9, under #13 Essential Businesses and Operations, letter a. CISA includes all businesses and business operations listed on the U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) Memorandum on Identification of Essential Critical Infrastructure Workers during COVID-19 Response, updated March 23, 2020, which, in itself, includes the insurance industry. 

Second, the order, on page 12, under #13 Essential Businesses and Operations, letter l. Financial institutions and services:

Banks, credit unions, and other depository or lending institutions; licensed financial
service providers; insurance services; personnel necessary to perform essential functions
at broker-dealers and investment advisor offices.

The order is effective at 8 a.m. on Wednesday, March 25th. It remains effective until Friday, April 24th or until a superseding order is issued.

You can find the full text of the order here.

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OCI Update - Electronic Filings

OCI staff is currently working remotely and is asking all insurers to make their filings electronically. All insurers are now required to file electronically with OCI during the current state of emergency. Filings should be sent as follows:

  • Financial Regulation – [email protected]
  • Complaints and Information:
    • Any questions – [email protected]
    • Any responses or updates to complaint files should be done online through CICA where possible.
  • Agent Licensing:
    • Any questions to [email protected]
    • All other agent licensing processing should continue online through NIPR or Authorized Business Partners.
  • Rates and Forms:
    • Any questions to [email protected]
    • All regular forms or rates should be filed online through SERFF where possible.

 

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OCI Bulletin, March 23, 2020 - Coverage for Delivery Drivers for Restaurants

The Office of the Commissioner of Insurance (OCI) is providing guidance to insurers and bars and restaurants regarding insurance coverage for delivery drivers during the COVID-19 public health emergency. Read the bulletin...

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WAMIC Letter to Governor Evers Requesting an Exception to the Safer at Home Order

WAMIC sent a letter to Governor Evers requesting an exception to the Safer at Home order that was announced today. You can read the letter here.

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NAMIC Letter to Governor Evers Requesting an Exception to any Stay-at-Home order for Insurers

On Friday, March 20th NAMIC's Vice President - State Affairs Erin Collins sent letters to the governor of every U.S. state in response to the Executive Order issued by California Governor Gavin Newsom. The letters pre-emptively request an exception for insurers to any stay-at-home order that may be issued in the future. Read the letter.

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OCI Press Release, March 20, 2020, Governor Evers, Insurance Commissioner Afable Ask Insurers to Offer Flexibility to Wisconsinites Facing Economic Hardship during COVID-19

At the direction of Governor Tony Evers, Wisconsin Insurance Commissioner Mark Afable today asked insurers to provide accommodations for Wisconsinites suffering economic hardship during the COVID-19 public health emergency. Read more...

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OCI Bulletin: March 20, 2020, Complying with Regulatory Requirements During the Public Health Emergency

The Office of the Commissioner of Insurance (OCI) is providing guidance to insurers regarding compliance with regulatory requirements during the COVID-19 public health emergency. Click to read the full bulletin.

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U.S. Orders Up to a Yearlong Break on Mortgage Payments

Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Read more...

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Congressional Letter to Insurance Industry Trade Association Executives

Over a dozen U.S. House members sent a letter to the executives of four of the largest national insurance trade associations:

  • David Sampson, President and CEO Of the American Property Casualty Insurance Association,
  • Charles Chamness, President and CEO of NAMIC,
  • Bob Rusbuldt, President and CEO of Independent Insurance Agents & Brokers of America
  • Ken Crerar, President and CEO of Council of Insurance Agents and Brokers

The letter asks the executives to convince their members to ignore existing exclusions within their policies and extend coverage for losses incurred due to the coronavirus COVID-19 pandemic. You can read the contents of the letter here.

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Pandemic Risk Insurance Act (PRIA) Proposed

On Wednesday, March 18th, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee released plans for a legislative package designed to provide a comprehensive fiscal stimulus and public policy response to the Coronavirus COVID-19 pandemic. Included in the package is a proposal to create a pandemic version of the Terrorism Risk Insurance Act (TRIA). PRIA would create a federally backed risk insurance pool to address coverage gaps commonly found in business interruption and event cancellation policies. These policies typically include exclusions for viruses, communicable diseases, quarantines, government-ordered repatriation, border closings, etc. 

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IRS Issues Guidance on a 90-Day Extension for Tax Payments

On Tuesday, March 17, Treasury Secretary Mnuchin announced a 90-day extension for making tax payments (not for filing tax returns), in response to the coronavirus outbreak (COVID-19). Very few details were given with the announcement, which left many questions unanswered. The IRS acted quickly and released Notice 2020-17 on Wednesday, March 18, providing guidance on the 90-day extension. Read more...

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April 7th - Wisconsin Primary Election

Wisconsin's primary election is scheduled for April 7th. WAMIC members should consider ordering absentee ballots now. The State of Wisconsin has not indicated what their plan is for holding the election, however, if the current quarantine orders remain in place at the end of March, it is quite likely that citizens may be forced to vote by absentee ballot. We encourage our members to register to vote and/or order absentee ballots now before municipal clerks are overwhelmed with requests. You can both register to vote and order an absentee ballot at My Vote Wisconsin.

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OCI Issues Temporary Changes for Agent CE Requirements

OCI is waiving continuing education requirements for resident licensees that expire on March 31, 2020, for licensees that are unable to complete courses online. WAMIC members with internet access may access online agent CE through our partnership with the International Risk Management Institute (IRMI) by clicking here.

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AAIS Bulletin: COVID-19 Coverage Information

AAIS has issued a bulletin that provides analysis for potential COVID-19 claims made under Commercial, Farm, and Inland Marine coverage. You can view the bulletin here.  

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Beware COVID-19 Scams

Stay up to date on the latest Coronavirus scams! The Coronavirus outbreak has global attention and is a national emergency in the United States. Since cybercriminals prey on fear, we can expect to see more and more COVID-19 scams as the situation progresses. Read more...

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Governor Orders DHS to Issue an Order Prohibiting Mass Gatherings of More Than 10 People

Measures also being taken to manage testing capacity in Wisconsin
MADISON — Gov. Tony Evers today directed Department of Health Services (DHS) Secretary-designee Andrea Palm to issue an agency order prohibiting mass gatherings of 10 people or more to slow the spread of COVID-19. The order makes exceptions for transportation, educational institutions, child care, hotels, military, law enforcement, food pantries, hospitals, long-term care facilities, restaurants and bars can only offer take-out or delivery, grocery stores and convenience stores, utility facilities, job centers, and courts. See full order and list of exemptions here. Additionally, schools will be closed for the duration of the public health emergency. Read more... 

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Governor Issues Moratorium on Mass Gatherings of 50 People or More

Under the authority of Wis. Stat. § 252.02(3) and at the direction of Governor Tony Evers, I Andrea Palm, Secretary-designee of the Wisconsin Department of Health Services, order a statewide moratorium on mass gatherings of 50 people or more to mitigate the spread of COVID-19. Read more...

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OCI Bulletin: Regulatory Flexibility Regarding COVID-19

March 15, 2020

OCI issued a bulletin on March 15, 2020. The bulletin provides guidance to insurers regarding regulatory compliance during the current public health emergency. You can find the bulletin here

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