Insights

Extension of the Moratorium on Policy Cancellation and Nonrenewals


On May 7, 2020, Indiana DOI (IDOI) issued Bulletin 254, extending the current moratorium on policy cancellations and nonrenewals until May 31, 2020. The IDOI confirms that this moratorium is not a waiver; rather, it is an extension of the period in which to pay the premium.

As background, Bulletin 252 implemented a 60-day moratorium (applicable March 19, 2020, through May 18, 2020) on policy cancellations for nonpayment of premiums applicable to all lines of business (as mentioned in the March 31, 2020, Compliance Corner article “COVID-19 and Health Insurance Coverage”). Subsequently, Executive Order 20-25 was issued on May 1, 2020, renewing the public health emergency declaration for the COVID-19 outbreak and requesting the current moratorium on policy cancellations and nonrenewals continue until May 31, 2020.

Employers should be aware of these developments.

Bulletin 254 »
Executive Order 20-25 »
Bulletin 252 »