Thursday, November 03, 2005

Time Extension for Paying Insurance Premiums Still in Effect

The Louisiana Department of Insurance issued a reminder that the department's Emergency Rules required insurance companies to give policyholders affected by Hurricane Katrina or Hurricane Rita an automatic extension of time to pay their insurance premiums without incurring any late fees, penalties, cancellation or non-renewal.

Commissioner of Insurance Robert Wooley has said that insurance companies cannot charge any late fees, penalties or interest for payments deferred during premium extension period.

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