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  3. SEC-13-081

Ex. SEC-13-081 Order Primary source read

Bulletin 2020-3, as amended

Moratorium on Policy Cancellations/Non-Renewals for Policyholders Impacted by the COVID-19 Pandemic

Commissioner of Insurance Mike Chaney (Mississippi Insurance Department) · Mississippi (Sector regulator)

The COVID Project

The record

Jurisdiction
Mississippi
Level
Sector regulator
Authority
Miss. Code Ann. Title 83; Governor's state of emergency (Mar. 14, 2020)
Issued
2020-03-25 Mar. 25, 2020
Effective
2020-03-24 (60-day moratorium) (read as 2020-03-24)
End
2020-05-23 (60 days from Mar. 24, 2020) (read as 2020-05-23)
In force
Mar. 24, 2020 to May 23, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • all insurers writing policies issued or issued for delivery in Mississippi
Functions reached
  • IN (mandatory 60-day cancellation and non-renewal moratorium across every line)
  • CB
Collection
Financial Services SEC-13

Operative words

the Mississippi Insurance Department ('Department') is hereby issuing a sixty (60) day moratorium on the cancellation/non-renewal of policies for the non-payment of premiums, effective March 24, 2020. This moratorium shall apply to all policies issued or issued for delivery in this State.... Insurers are directed to work with impacted policyholders in paying the premiums that become due during the moratorium period by either allowing a payment plan or a further extension of the due date for the amount in full.... the Commissioner directs insurers to comply with the provisions of this Bulletin

Enforcement

Commissioner's directive ('directs insurers to comply')

Notes

The amended bulletin is dated March 25, 2020 on its face; the file name carries the effective date, March 24, 2020. Not in the Mississippi State file.