JACKSON — To assist Mississippians struggling to overcome significant losses caused by the recent storms, Commissioner of Insurance Mike Chaney has instructed insurers to work with policyholders in impacted areas regarding payment of premiums.
The Mississippi Insurance Department has issued Bulletin 2014-3, effective yesterday, which applies to commercial property, homeowners, dwelling fire and commercial and personal automobile policies. Insurers are encouraged to allow for extensions or set up payment plans for the payment of premiums for policyholders residing in storm-impacted areas. Insurers are also encouraged to contact their policyholders in the impacted areas and to work with them in providing relief where the circumstances so justify.
“I want to also advise policyholders that this is not a waiver of payment,” Chaney said.