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NAIC Members Encourage Insurance Companies to Work with Policyholders Affected by the Federal Government Shutdown

Statement from NAIC

Insurance consumers impacted by the federal government shutdown could face temporary financial hardships and may be unable to pay insurance premiums in a timely manner. The NAIC encourages insurance companies to exercise judicious efforts to assist these policyholders and work with them to make sure that their insurance policy does not lapse. 

Affected policyholders who are unable to make timely premium payments due to the federal government shutdown should contact their insurance company as soon as possible.

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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