The COVID Project
The record
- Jurisdiction
- Alabama
- Level
- Sector regulator
- Authority
- Ala. Code tit. 27
- Issued
- 2020-03-30 Mar. 30, 2020
- Effective
- 2020-03-30 (immediate) (read as 2020-03-30)
- End
- not stated (read as 2020-09-30)
- In force
- Mar. 30, 2020 to Sept. 30, 2020
- Quarters
- 2020 Q22020 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Workplace rulesOther
- Addressees
- all admitted property and casualty, life, health and disability insurers
- premium finance companies
- producers accepting premium payments
- Functions reached
- IN insurance servicing and collections
- BR in-person payments
- CB policyholders
- Collection
- Alabama AL
Operative words
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)
Notes
Financial services: recites the State's finding that the mitigating measures 'led to the displacement of workers and disruption of business.'
Retrieval noteText-layer PDF read in full. Bulletins 2020-18 and 2020-20 (grace-period extensions) were retrieved and found to concern Hurricane Sally and Tropical Storm Zeta, not COVID-19; they were withdrawn from the library.