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Illinois DOI Issues Company Bulletin 2017-03 - Suspends Cancellation/Non-Renewals in Disaster Areas

The Illinois Department of Insurance has issued Company Bulletin 2017-03, regarding the suspension of cancellation and non-renewals for certain disaster areas after significant flooding. Effective immediately, all licensed or authorized insurers for all lines of business are requested to implement the guidelines outlined in the attached bulletin to govern treatment of all consumers affected by this disaster residing in, owning, or insuring any property located in or around counties that have been declared disaster areas by the Governor. Insurers do not need to file policy or rating manual changes in order to comply with any of the directives. Insurers are directed to post on their websites all actions taken to implement the requirements of the bulletin.

Link to Bulletin 2017-03