close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

INSURANCE DEPARTMENT ISSUES A 60-DAY MORATORIUM ON POLICY CANCELLATIONS FOR NONPAYMENT

On March 25, 2020, the Mississippi Insurance Department issued Bulletin 2020-3 in which it created a 60-day moratorium on the cancellation/nonrenewal of policies for the nonpayment of premiums. The Bulletin also notes that this moratorium is not a waiver of premium; rather, it is a moratorium on the cancellation or nonrenewal of policies for the failure to pay premiums during the applicable 60-day period.

MS Bulletin 2020-3