Clarification of Bulletin 2020-3, as Amended

MIKE CHANEY Commissioner of Insurance State Fire Marshal MARK HAIRE Deputy Commissioner of Insurance RICKY DAVIS State Chief Deputy Fire Marshal MISSISSIPPI INSURANCE DEPARTMENT 501 N. WEST STREET, SUITE 1001 WOOLFOLK BUILDING JACKSON, MISSISSIPPI 39201 www.mid.ms.gov MAILING ADDRESS Post Office Box 79 Jackson, Mississippi 39205-0079 TELEPHONE: (601) 359-3569 FAX: (601) 359-2474 BULLETIN 2020-4 MISSISSIPPI INSURANCE DEPARTMENT CLARIFICATION OF BULLETIN 2020-3, AS AMENDED, ISSUED ON MARCH 25, 2020, ENTITLED “MORATORIUM ON POLICY CANCELLATIONS/NON- RENEWWALS FOR POLICYHOLDERS IMPACTED BY THE COVID-19 PANDEMIC” Bulletin 2020-3, as amended, is clarified as follows: (1) Insurers may issue cancellation/non-renewal notices for non-payment of premiums during the sixty (60) day moratorium period. (2) When such notices are issued during the sixty (60) day moratorium, notice periods required by statute or the policy may begin to run, but in no event may a cancellation/non-renewal for non-payment be effective until after the sixty (60) day moratorium period expires. Should you have any questions regarding this Bulletin 2020-4, please contact the Department’s Legal Division at (601) 359-3577. MIKE CHANEY COMMISSIONER OF INSURANCE