Arizona Bulletin 2020-4

In response to the coronavirus pandemic, the Arizona Department of Insurance has issued Bulletin 2020-4, which encourages insurers to consider:

Refraining from cancelling or non-renewing policies due to non-payment during this time of hardship;
Granting a grace period for premium payments to be made when practicable, or extending the time before nonpayment of premium triggers an applicable grace period;
Working with insureds on premium payment plans for late premium payments;
Waiving late fees, interest, and penalties;
Delaying premium increases;
Suspending the use of credit reports for rating;
Refraining from cancelling auto policies due to deferred expiration of driver's license pursuant to the Governor's Executive Order 2020-08;
Extending timeframes for policyholders to replace or repair in order to ensure recovery of withheld depreciation.

For complete details, please see the entire Arizona Bulletin 2020-4.