For Ohio policyholders affected by the May storm

For Ohio policyholders affected by the May storm

Ohio has issued Bulletin 2019-03 on May 29, 2019, titled Bulletin 2019-03 State of Emergency for Ohio Counties Impacted by Severe Weather Event and Tornadoes, requesting insurance companies allow coverage to remain in effect for any Ohio insurance who resides in a county where severe weather has occurred.  Bulletin 2019-03 mentions companies allowing their insureds to defer premium payments coming due and extending any and all provisions imposing time constraints within insureds must take certain action.  Actuarial Services believes this should also extend to a cancellation for non-payment of premium moratorium for those insureds located in a county where a disaster has been declared and who have had their ability to timely act or respond to an insurer materially affected by the severe storms and tornadoes which occurred on May 27 – May 28, 2019.

The attached Bulletin 2019-03 contains pertinent details as follows:

  1. The Impacted Areas are the following Ohio Counties:
  • Greene
  • Mercer
  • Montgomery
  1. The bulletin applies to ALL personal and commercial lines of business.
  2. The Request to Defer Payments and implied moratorium applies to failure to pay premiums during the grace period.  The Department is NOT requesting insurers waive any premiums or other considerations owed on any policy during this time.

The State of Emergency order was issued on May 29, 2019, and is expected to expire on July 28, 2019.