The Illinois Director of Insurance issued Company Bulletin 2013-18 in response to the tornadoes and severe storms that occurred on November 17, 2013. The impacted areas consist of the following counties: Champaign, Douglas, Grundy, Jasper, LaSalle, Massac, Pope, Tazewell, Wabash, Washington, Wayne, Will and Woodford.
Moratorium on cancellations and non-renewals. For any cancellation or nonrenewal notice issued on or after November 10, 2013 on any in-force policy issued to an affected policyholder or respecting affected property, insurers should withdraw the cancellation or nonrenewal and reinstate the policy with no lapse in coverage. In addition, insurers should not issue any new cancellation or nonrenewal notices to affected policyholders or for affected property until January 11, 2014, or a later time if deemed reasonable given an individual consumer’s circumstance.
Other insurance-related time-period extensions. Insurers should grant to affected policyholders an extension of any and all policy provisions or other requirements that impose a time limit for an insured or claimant to perform any act, including the submission of a claim or proof of loss, reporting of information, submission of bills, or payment of funds. Such extension should be for a minimum of 60 days from the last date allowed or required under the terms of the contract or allowed or required by the insurer, or longer if deemed reasonable given an individual consumer’s circumstance.