20-10 - Extension and Terminations of Grace Periods extended under Bulletin 20-05, May 7, 2020

DEPARTMENT OF COMMERCE AND INSURANCE P.O. Box 690, Jefferson City, Mo. 65102-0690

INSURANCE BULLETIN 20-10 Extension and Termination of Grace Periods extended under Bulletin 20-05

Issued: May 7, 2020

The following Bulletin is issued by the Missouri Department of Commerce and Insurance (“Department”) to inform and educate the reader on the specified issue. It does not have the force and effect of law, is not an evaluation of any specific facts or circumstances, shall not be considered a statement of general applicability and is not binding on the Department. See § 374.015, RSMo (2016).

To: All insurers conducting the business of insurance in the State of Missouri

From: Director Chlora Lindley-Myers

Re: Extension and Rescission of Bulletin 20-05

On May 4, 2020, Governor Michael L. Parson issued Executive Order 20-10 extending Executive Order 20-04 until June 15, 2020. In conformity with this Order and to assist individuals and entities regulated by the Department, the Director is extending the application of Bulletin 20-05 until June 15, 2020. All insurers, including health carriers, are strongly encouraged to extend grace periods until June 15, 2020.

To assist individuals and entities regulated by the Department in planning for the future, notice is hereby provided that the Department will rescind Bulletin 20-05, and the extension provided herein, effective June 15, 2020.

1 This bulletin does not preclude insurers from setting up payment plans or other accommodations to assist consumers, to the extent possible or as required by law.

If you have questions or concerns about this bulletin, please contact Stewart Freilich (stewart.freilich@insurance.mo.gov) or Amy Hoyt (amy.hoyt@insurance.mo.gov).

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