Arkansas Department of Insurance: 60-Day Insurance Moratorium for Flood Victims
* * *
- Insurance cancellations for non-payments suspended
* * *
Arkansas Insurance Commissioner
"In order to render maximum assistance to Arkansans struggling with storm damage and flooding, I have issued this moratorium applying to all types of insurance policies sold in this state. It is important to note that this action does not waive the obligation of Arkansans to pay their insurance premiums, it is only an extension of the time period to make your payment without the threat of cancellation."
The 60-day moratorium is effective as of
AID encourages carriers to also reach out to policyholders to provide relief per the terms of the moratorium, including offering assistance to policyholders in paying premiums that become due during the moratorium by either allowing a payment plan or an extension of the due date for full payment. To read the full text of Bulletin 4-2019 covering the 60-day moratorium, please visit https://insurance.arkansas.gov/uploads/resource/documents/4-2019.pdf.
Kerr also warns
For a printer-friendly version of this document, click here (https://insurance.arkansas.gov/uploads/pages/20190530_flood_moratorium.pdf).
Verizon prepares for new hurricane season in Bay
Starr Insurance Companies Appoints Andrew Hopper As Head of Financial Institutions, UK and Europe
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News