March 20, 2020 Newsletter

Underwriting concerns to be aware of with the Coronavirus:

1. Key considerations
2. ·        New Business and Underwriting is not accepting applications from anyone residing in or traveling to China.
3. ·        Postpone submitting applications on clients with B1/B2 or F1 visas from China. This includes their children who are U.S. citizens.
4. ·        Postpone new business from countries or areas of countries ranked Level 3 or 4 by the U.S. State Department, generally for 30 days after residence/travel is completed. South Korea and Italy recently were added to this list at a Level 3 ranking. The State Department ranks countries from Level 1 (very safe) to Level 4, based on risks to safety and security.
5. ·        Applications from clients with resident visas from China expiring within 90 days may be considered on a case-by-case basis, based on travel details and visa type.
6. ·        Residents of A and B countries or travelers to A, B, or C countries are generally acceptable, except in countries ranked Level 3 or 4 by the State Department.
7. ·        Applications from U.S. residents with acceptable temporary visas, such as an H-1B or conditional visa, who have no plans to travel to China, are generally acceptable.