The COVID Project
The record
- Jurisdiction
- Oklahoma
- Level
- Sector regulator
- Authority
- 36 O.S. (Insurance Code); EO 2020-07 state of emergency
- Issued
- 2020-03-20 Mar. 20, 2020
- Effective
- 2020-03-20
- End
- Rescinded June 30, 2020 as amended June 18, 2020, except enumerated items (grace periods run to the end of their extension; midterm audits through year-end 2020) (read as 2020-06-30)
- In force
- Mar. 20, 2020 to June 30, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all property and casualty insurers licensed in Oklahoma
- Functions reached
- IN insurance premium collection and cancellation
- SV servicing
- Collection
- Oklahoma OK
Operative words
Property and casualty carriers should extend their applicable grace period for nonpayment of premium by an additional forty-five (45) days. This grace period extension does not relieve an insured of the obligation to pay premiums but merely is a deferral of the payment due date.... The provisions of this bulletin are in effect until the state emergency is no longer in place.
Enforcement
Regulatory bulletin of the Insurance Commissioner
Notes
The June 18, 2020 amended bulletin (read on the live page) rescinded the bulletin June 30, 2020 with exceptions.
Retrieval noteWayback capture of Mar. 29, 2020 (original text) rendered to PDF.