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Important Notice About Accrued Grace Period Premiums

March 9, 2021

At the start of the COVID-19 pandemic, ISMIE offered financial relief for policyholders, as many were experiencing significant practice disruptions and unexpected financial hardships. An optional grace period for premium payments was initiated and cancellations due to non-payment of premiums were suspended from March 20, 2020 until Oct. 1, 2020.

To make it easier for policyholders to pay their quarterly premiums, along with any grace period premium, ISMIE offered the option to pay over time. Those who chose this option received quarterly invoices that included three installment statements reflecting the accrued grace period premium due each month.

If you took advantage of this grace period, please be aware that all accrued grace period premiums must be paid by Oct. 1, 2021.

View ISMIE’s COVID-19 Q&A for more information.

If you have any questions, please contact your broker or ISMIE’s Underwriting team by email.
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