Arkansas Rescinds Numerous COVID-19 Measures

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.

Pennsylvania to No Longer Accept Paper Filings

Beginning August 1, 2020, the Pennsylvania Insurance Department will no longer accept paper filings for Property and Casualty form, rate, rule, or statistical filings. Instead, all such filings must be submitted through System for Electronic Rates & Forms Filings (SERFF). The Department may make an exception for unique circumstances which necessitate a paper filing.
With teams of experienced insurance professionals, Westmont facilitates SERFF filings across the country for multiple insurers daily. For assistance with SERFF filings or other product compliance needs, please contact Westmont Associates, Inc.

NAIC Organizes Countrywide Property/Casualty Data Call

The National Association of Insurance Commissioners (“NAIC”) has organized a data call regarding business interruption coverage as it relates to the COVID-19 pandemic. Regulators in all 50 states, the District of Columbia, and the U.S. territories have agreed to participate. The data call will be in two parts; the first part relating to business interruption premium exposure due on May 22, 2020, and the second part relating to business interruption claims and losses due on June 8, 2020. A formal letter detailing the data call is expected to be released on May 8, 2020.
For assistance in completing this data call, or any other compliance needs, please contact Westmont Associates, Inc.

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