summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to Holocaust victims insurance relief. Financial Services.
AI Summary
This bill establishes the "Holocaust Era Insurance Registry" within the Massachusetts Division of Insurance. It requires insurance companies that sold policies to European policyholders between 1920 and 1945 to file information about those policies with the registry, including policy details and the status of any payouts. The bill also allows Holocaust victims and their heirs residing in Massachusetts to file legal claims to recover unpaid policy proceeds, regardless of any applicable statutes of limitation. The bill grants the Insurance Commissioner authority to suspend the licenses of insurers that fail to comply with the registry requirements.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see S2543 (on 02/18/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S557 |
| Bill | https://malegislature.gov/Bills/191/S557.pdf |
Loading...