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COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 17, 2020)

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August 17, 2020

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.

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Arkansas: On August 14, Governor Hutchinson issued Executive Order 20-45, extending the state of emergency and several COVID-19 executive orders from August 17, 2020 through October 16, 2020.

Arkansas: On August 17, the Arkansas Department of Insurance (DOI) issued Bulletin No. 28-2020 to allow premium offsets and give policyholders an additional 60-day moratorium on the cancellation or nonrenewal of personal lines and life and health policies. The 60-day period runs from August 14 to October 16, 2020. The 60-day moratorium replaces the 45-day moratorium which expired on August 17. The Arkansas DOI also issued Bulletin No. 29-2020 to extend COVID-19 bulletins for the duration of the state of emergency.

The post COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 17, 2020) appeared first on Insurance & Reinsurance.

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