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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

DEPARTMENT ISSUES BULLETIN CLARIFYING MORATORIUM ON CANCELLATIONS/NON-RENEWALS

On March 25, 2020, the Mississippi Insurance Department issued Bulletin 2020-4 clarifying the 60-day moratorium outlined in Bulletin 2020-3, stating the following:

  • Insurers may issue cancellation/nonrenewal notices for nonpayment of premiums during the sixty (60) day moratorium period.
  • 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/nonrenewal for nonpayment be effective until after the sixty (60) day moratorium period expires.

[Updated April 17, 2020]

On April 1, 2020 the Commissioner of Insurance issued Bulletin 2020-4 clarifying that insurers may issue cancellation/nonrenewal notices for nonpayment of premiums during the 60- day moratorium period.

MS Bulletin 2020-4