In order to wind back numerous measures taken in response to the COVID-19 public health emergency, the Arkansas Insurance Department (“AID”) issued Bulletin No. 20-2020 dated May 11, 2020 rescinding ten bulletins that provided relief and regulatory guidance. The rescissions are effective May 11, 2020. On that same date, the AID also issued five new COVID-19 related bulletins, including, inter alia, Bulletin No. 21-2020 that provides for a 45-day moratorium on the cancellation/non-renewal of personal lines and life and health insurance policies for the non-payment of premiums for certain Arkansas residents.
For questions regarding the recent Bulletins issued by the AID or any of your compliance needs, please contact Westmont Associates, Inc.