Ask AI
S. 972

Comprehensive Holocaust Accountability in Insurance Act

Comprehensive Holocaust Accountability in Insurance Act - Authorizes the States to establish information requirements on insurers as a condition of doing insurance business in the host State.

Permits a State to require that an insurer provide specified information regarding Holocaust era insurance policies, including policies sold or held.

Permits a State to require that an insurer certify that: (1) proceeds of the policy were paid; (2) the beneficiaries of the policy or heirs could not, after diligent search, be located, and the proceeds were distributed to Holocaust survivors or charities; (3) a court of law has certified a plan for the distribution of the proceeds; or (4) the proceeds have not been distributed.

Establishes a Federal cause of action for any covered claim brought under this Act against one of several specified foreign insurance companies that arises out of the insurance coverage involved in an original request for payment made by a listed Holocaust victim or the heirs of beneficiaries of such victim.

Requires an action brought under this Act to be filed not later than ten years after its enactment.

Lists covered foreign insurance companies.

Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S5665)

Sen. Coleman, Norm [R-MN](R-MN)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions1related bills24subjects
  1. IntroReferral

    Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S5665)

    Judiciary Committee
  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S5665)

  3. IntroReferral10000

    Introduced in Senate