Missouri has been under a State of Emergency due to the risk posed to the public and to health and safety by COVID-19 since March 13, 2020. Pursuant to authority granted in Executive Order 20-04, the Missouri Department of Commerce and Insurance issued Bulletin 20-05 on March 21, 2020, which strongly encourages the following:
Grace Period
- Coverage for residents of the State of Missouri should continue under all insurance policies in effect as of March 13, 2020, and shall remain in effect until such time as Executive Order 20-04 is terminated or Bulletin 20-05 is rescinded, whichever is later.
- Insurers are strongly encouraged not to cancel, nonrenew, or terminate coverage while Bulletin 20-05 is in effect.
- This grace period is a period of time during which consumers can take those actions necessary to keep their policies in force.
- The Department is not requiring insurers to waive any premiums or other consideration owed on any policy or contract during this period of time.
- The Department anticipates that a failure to pay premiums or remit consideration may subject the policy to a retroactive cancellation, in accordance with the policy terms.
- Nothing in Bulletin 20-05 should be construed as the Department requesting any insurer to refrain from terminating coverage on the basis of fraud on the part of an insured.
The entire Missouri Insurance Bulletin 20-05 may be found here.