If a policyholder becomes a Specially Designated National (SDN) or blocked person after policy issuance, can the insurer notify the policyholder that the policy is now "blocked"?

Question

Accepted Answer

Yes. The insurer may notify the policyholder that the policy is blocked without obtaining a specific license from OFAC.
Date Updated: November 13, 2024

If a policyholder becomes a Specially Designated National (SDN) or blocked person after policy issuance, can the insurer notify the policyholder that the policy is now "blocked"?

OFAC's answer