Premium Relief, Non-Cancellation and Non-Renewal of Insurance

New York: On March 30, 2020, the New York State Department of Financial Services issued an Emergency Regulation (the Regulation”) in response to Executive Order 202.13. The Regulation is designed to provide relief to certain policyholders that are resident in the State of New York and are suffering financial hardship as a result of COVID-19. These policyholders may click on the relevant link below for a letter outlining the financial relief you may be entitled to.

  1. Life Policyholders, which are persons to whom a life insurance policy, annuity contract or fraternal benefit society certificate is issued, including a certificate holder under a group insurance policy or annuity contract; and
  2. Individuals and Small Businesses that purchase certain types of insurance. A “Small Business” is an independently owned and operated business that is resident in the State of New York and employs 100 or fewer individuals. The types of insurance contemplated by the Regulation are: Commercial property and liability policies, homeowners, renters, private passenger auto, commercial auto, professional liability, medical malpractice, credit life and health, credit unemployment, life, annuities, workers’ compensation, fidelity & surety, credit, marine and inland marine, marine protection indemnity, gap, and involuntary unemployment. The Executive Order and Regulation also apply to prepaid legal services plans and legal service insurance, the Motor Vehicle Insurance Association Assigned Risk Plan, New York Property Insurance Underwriting Association, and Medical Malpractice Insurance Association.

Please note that while the Regulation and relief provided therein applies to personal lines policies acquired in the excess and surplus lines market, it does not apply to commercial policies purchased by Small Businesses in the excess and surplus lines market.

Please download the letter that applies to you and save it for your files. If you have any questions about the foregoing or about the contents of these letters, please contact your Account Executive or Producer for further information.

For more of EPIC’s coronavirus coverage, visit