Holocaust Victims Insurance Relief Act of 2003

March 11, 2003
March 28, 2003
Referred to House (sub)committee

63 cosponsors.

“To provide for the establishment of the Holocaust Insurance Registry by the Archivist of the United States and to require certain disclosures by insurers to the Secretary of Commerce.” “The purpose of this Act is to provide information about Holocaust-era insurance policies to Holocaust victims and their heirs and beneficiaries to enable them to expeditiously file their rightful claims under the policies.” To achieve that, a Holocaust insurance registry will be established in the U.S. Dept. of Commerce where all foreign insurance companies who operate in the U.S. must file electronically any information on any life, dowry, education, or property insurance policy in force between 1/30/1933 and 12/31/1945 on the European continent that was occupied or controlled by Nazi Germany at any time during this period. A $5000/day penalty shall be assessed to insurance companies that fail to comply with these notification requirements.

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