COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 2020 #13)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.

All Lines of Insurance

Texas: On August 26, the Texas Department of Insurance issued Commissioner’s Bulletin No. #B-0035-20 to remind surety bond companies executing surety bonds during the COVID-19 pandemic of their statutory authority to do business electronically, including using electronic signatures, if all parties to a transaction agree.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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