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Financial Services Law Insights and Observations

Michigan Department of Insurance and Financial Services extends insurance guidance

State Issues Covid-19 Michigan Insurance

State Issues

On April 30, the Michigan Department of Insurance and Financial Services (DIFS) issued a bulletin extending Bulletin 2020-12-INS for the period of time that Executive Order 2020-59, and any subsequent executive order that reaffirms or clarifies the measures in Executive Order 2020-59, remains effective. Bulletin 2020-12-INS provides that all claims must continue to be processed and paid in a timely manner. Additionally, insurers are expected to make all required filings with the DIFS. Entities and persons regulated by the DIFS also must comply with all applicable statutory and regulatory deadlines and requirements, unless such are expressly waived or modified by the DIFS, including applicable filing deadlines. Companies that experience difficulties meeting deadlines or requirements are urged to contact the DIFS immediately.