{"id":"AL-066","kind":"order","level":"sector-regulator","jurisdiction":"Alabama","state":"AL","metro":"","industry":"","agency":"","eco":"","issuer":"Alabama Department of Insurance, Commissioner Jim L. Ridling","authority":"Ala. Code tit. 27","instrument":"Bulletin No. 2020-05, Cancellation or Non-Renewal Recommendation due to COVID-19 pandemic","title":"Recommendation to all insurers to relax premium due dates, extend grace periods, waive late fees, avoid lapse, and cancel or non-renew only after exhausting alternatives; alternate payment methods to eliminate in-person payment","dateIssued":"2020-03-30","effective":"2020-03-30 (immediate)","end":"not stated","startDate":"2020-03-30","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["OTHER","EMP"],"addressees":["all admitted property and casualty, life, health and disability insurers","premium finance companies","producers accepting premium payments"],"clause":"the Alabama Commissioner of Insurance hereby recommends insurers consider the following actions for applicable policies in force as of March 13, 2020; Relaxing due dates for premium payments, Extending grace periods, Waiving late fees and penalties, Allowing premium payment plans which will avoid a lapse in coverage... Insurers should consider cancellation or non-renewal of policies only after exhausting all efforts to work with policyholders to continue coverage.... the commissioner requests insurers, producers, and other licensees who accept premium payments to consider alternate methods of payment. The methods need to be consistent with safe social distancing standards and eliminate the need for in person payment.","enforcement":"Recommendation and request of the Commissioner (regulatory expectation; not a command)","functions":["IN insurance servicing and collections","BR in-person payments","CB policyholders"],"notes":"Financial services: recites the State\u0027s finding that the mitigating measures \u0027led to the displacement of workers and disruption of business.\u0027","sourceUrl":"http://www.aldoi.gov/pdf/legal/ALDOI%20Bulletin%20No.%202020-05.pdf","snapshot":"","fileExists":true,"fileBytes":58704,"grade":"primary","character":"","description":"","collection":"AL","url":"/library/AL-066","exhibitUrl":"/exhibit/AL-066","citation":"Alabama Department of Insurance, Commissioner Jim L. Ridling, Bulletin No. 2020-05, Cancellation or Non-Renewal Recommendation due to COVID-19 pandemic (Mar. 30, 2020) (Ex. AL-066)","stateName":"Alabama","related":["AL-065"]}