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Ex. SEC-13-076 Order Primary source read

PC Bulletin No. 2020-01

PC Bulletin 2020-01 (Coronavirus (COVID-19)): continuity of operations, business-interruption information, 45-day premium grace period extension

Insurance Commissioner Glen Mulready (Oklahoma Insurance Department) · Oklahoma (Sector regulator)

The COVID Project

The record

Jurisdiction
Oklahoma
Level
Sector regulator
Authority
Okla. Stat. tit. 36; Executive Order 2020-07 (Mar. 15, 2020) emergency declaration
Issued
2020-03-20 Mar. 20, 2020
Effective
2020-03-20
End
'in effect until the state emergency is no longer in place'; rescinded June 30, 2020 as amended June 18, 2020, except enumerated items (Oklahoma State file, OK-044) (read as 2020-06-30)
In force
Mar. 20, 2020 to June 30, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • all property and casualty insurers licensed in Oklahoma
Functions reached
  • IN (premium grace periods; telecommuting continuity; helpline staffing)
  • OP
Collection
Financial Services SEC-13

Operative words

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

Commissioner's bulletin ('should'); Department supervisory authority

Notes

Same instrument as OK-044. The bulletin is dated March 20, 2020 on its face; the file name carries March 24, 2020.

Retrieval note

File-name date differs from the bulletin's date (Mar. 20, 2020); not renamed.