Collision not showing after switching between No Collision and Default

When using Show collision it appear that the collision will not update its visibility when switching between No collision and Default. Once the collision has been set to No collision it will no longer render until the level is reloaded.

1. Open the editor
2. Drag a default cube actor into the level
3. Enable Show Collision (Show > Collision)
4. Set the collision for the static mesh to "No Collision"
5. Set the Collision for the static mesh to "Default"

Result: The visibility of the collision does not update (it remains invisible)
Expected: The collision would update and be shown when switching the collision back to Default