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COVID-19 Premium Grace Period Ending

September 15,2020

Earlier this year ISMIE policyholders who were experiencing hardship due to COVID-19 were offered an optional grace period for premium payments. Under this special initiative, cancellations due to non-payment of premium were suspended until October 1, 2020. The grace period is applicable for premiums due after March 20, 2020 through September 30, 2020. Beginning October 1 all quarterly premiums are due in full.

Policyholders who took advantage of the grace period will receive their regular quarterly premium invoice reflecting the current premium which is due in full, and any grace period premium will be reflected as a previous balance. Policyholders are encouraged to remit all of their grace period premium with their quarterly premium. However, for those unable to pay their grace period premium in full with their quarterly premium, the invoice will also include three (3) installment statements reflecting the accrued grace period premium due monthly within the quarter. 

View ISMIE’s COVID-19 Q&A for more information.
 
Contact your broker or ISMIE’s Underwriting team by email with any questions.
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