{"id":"OK-044","kind":"order","level":"sector-regulator","jurisdiction":"Oklahoma","state":"OK","metro":"","industry":"","agency":"","eco":"","issuer":"Oklahoma Insurance Department, Commissioner Glen Mulready","authority":"36 O.S. (Insurance Code); EO 2020-07 state of emergency","instrument":"PC Bulletin No. 2020-01 (Coronavirus (COVID-19))","title":"Bulletin to all property and casualty insurers: 45-day grace-period extension for nonpayment of premium; e-signatures; provisions in effect until the state emergency ends","dateIssued":"2020-03-20","effective":"2020-03-20","end":"Rescinded June 30, 2020 as amended June 18, 2020, except enumerated items (grace periods run to the end of their extension; midterm audits through year-end 2020)","startDate":"2020-03-20","endDate":"2020-06-30","quarters":["2020Q2"],"types":["OTHER"],"addressees":["all property and casualty insurers licensed in Oklahoma"],"clause":"Property and casualty carriers should extend their applicable grace period for nonpayment of premium by an additional forty-five (45) days. This grace period extension does not relieve an insured of the obligation to pay premiums but merely is a deferral of the payment due date.... The provisions of this bulletin are in effect until the state emergency is no longer in place.","enforcement":"Regulatory bulletin of the Insurance Commissioner","functions":["IN insurance premium collection and cancellation","SV servicing"],"notes":"The June 18, 2020 amended bulletin (read on the live page) rescinded the bulletin June 30, 2020 with exceptions.","sourceUrl":"https://www.oid.ok.gov/pc-bulletin-2020-01/","snapshot":"https://web.archive.org/web/20200329152446/https://www.oid.ok.gov/pc-bulletin-2020-01/","fileExists":true,"fileBytes":295860,"grade":"primary","character":"","description":"","collection":"OK","url":"/library/OK-044","exhibitUrl":"/exhibit/OK-044","citation":"Oklahoma Insurance Department, Commissioner Glen Mulready, PC Bulletin No. 2020-01 (Coronavirus (COVID-19)) (Mar. 20, 2020) (Ex. OK-044)","stateName":"Oklahoma","related":["SEC-13-076","OK-045"]}