25 March 2020 – Allowed insurers to modify payment schedules and restricted termination of insurance for non-payment

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved: Industry interventions
Level of Jurisdiction: National
Lead People/Agency:

Overview: The The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) allowed insurance companies to modify the payment schedules originally agreed with the insurance contractors, and imposed restrictions on terminating insurance in cases where premiums are not paid.
Full details here: https://www.sbs.gob.pe/Portals/0/jer/COVID19/OM_11217.pdf