Bill > S638

This bill aims to provide relief to Holocaust victims and their families in Massachusetts by requiring insurance companies to disclose information about any insurance policies they sold in Europe before 1945, either directly or through related companies. The bill establishes a central registry to track these policies and requires insurance companies to certify whether the proceeds have been paid out, distributed to Holocaust survivors or charities, or remain undistributed. The bill also allows Holocaust victims or their heirs to file legal actions to recover on these insurance claims, regardless of any applicable statutes of limitation, and gives the state insurance commissioner the authority to suspend the licenses of non-compliant insurers.

Business and Industry

https://malegislature.gov/Bills/192/S638