Pursuant to New 11 NYCRR § 229.5(b) and 3 NYCRR § 405.6(b)(4)
LifeQuotes is giving you the below information and link to the State of New York Executive Order as follows:
New York Governor, Andrew M. Cuomo issued Executive Order 202.13 and the emergency adoption of 11 NYCRR 229 (INSURANCE REGULATION 216) INSURER PRACTICES DURING THE COVID 19 PANDEMIC by the New York State Department of Financial Services (DFS).
In order to assist policyholders impacted by the COVID 19 pandemic, Executive Order 202.13 and Regulation 216 requires insurers to take specific actions to alleviate the adverse impact caused by the pandemic on policyholders who can demonstrate financial hardship. Specifically, to extend to 90 days the grace period for the payment of premiums and fees, and for the exercise of rights, under life insurance policies and annuity contracts.
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