persons seeking to recover certain insurance proceeds of Holocaust victims;
requiring certain insurers in receipt of certain claims of Holocaust victims to
handle those claims in a certain manner; establishing certain rights of action for
Holocaust victims seeking proceeds of certain insurance policies; requiring
certain insurers, if directed to do so by the Insurance Commissioner, to file with
the Commissioner within certain time periods certain reports relating to certain
insurance policies issued to Holocaust victims; requiring the Commissioner to
direct an insurer to file certain reports under certain circumstances;
establishing certain penalties for certain violations; requiring the Commissioner
to report to the Governor and General Assembly in a certain manner;
establishing certain exemptions to the filing requirements of this Act; defining
certain terms; providing for the application of certain provisions of this Act; and
generally relating to the taxation of distributions or payments made to
Holocaust victims and to the recovery of proceeds from insurance policies issued
to or covering the lives or property of Holocaust victims.
BY adding to
Article - Tax - General
Section 7-203(1) and 10-207(t)
Annotated Code of Maryland
(1997 Replacement Volume and 1998 Supplement)
BY repealing and reenacting, without amendments,
Article - Tax - General
Section 10-207(a)
Annotated Code of Maryland
(1997 Replacement Volume and 1998 Supplement)
BY adding to
Article - Insurance
Section 28-101 through 28-111 28-110, inclusive, to be under the new title
"Title 28. Holocaust Victims Insurance Act"
Annotated Code of Maryland
(1997 Volume and 1998 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - General
7-203.
(L) (1) (I) IN THIS SUBSECTION; THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.
(II) "HOLOCAUST VICTIM" MEANS AN INDIVIDUAL WHO DIED OR
LOST PROPERTY AS A RESULT OF DISCRIMINATORY LAWS, POLICIES, OR ACTIONS
TARGETED AGAINST DISCRETE GROUPS OF INDIVIDUALS BASED ON RACE, RELIGION,
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