CONSIDERS APPROPRIATE BASED ON THE DEGREE OF MISREPRESENTATION, THE
WILLFULNESS OF THE MISCONDUCT, AND THE AMOUNT OF FUNDS
MISAPPROPRIATED.
(2) THE INSURER ALSO MAY BE BARRED FROM FURTHER SALES OF
INSURANCE IN THE STATE FOR A PERIOD OF UP TO 10 YEARS.
28-106.
(A) ON OR BEFORE DECEMBER 1, 1999, AND THEN ON DECEMBER 1 FOR EACH
OF THE SUCCEEDING 10 YEARS, THE COMMISSIONER SHALL REPORT TO THE
GOVERNOR AND, SUBJECT TO § 2-1246 OF THE STATE GOVERNMENT ARTICLE, THE
GENERAL ASSEMBLY THE FOLLOWING INFORMATION:
(1) THE PROGRESS OF THE INTERNATIONAL COMMISSION IN
RECEIVING, INVESTIGATING, AND RESOLVING INSURANCE CLAIMS OF HOLOCAUST
VICTIMS; AND
(2) THE STATUS OF ANY REPORTS THAT INSURERS WERE DIRECTED TO
FILE UNDER § 28-105 OF THIS TITLE.
(B) THE COMMISSIONER'S REPORT UNDER THIS SECTION SHALL INCLUDE:
(1) THE NUMBER OF INSURERS AUTHORIZED TO DO BUSINESS IN THE
STATE AND THE NUMBER OF OTHER INSURERS THAT MAY BE IN THE SAME HOLDING
COMPANY SYSTEM AS AN AUTHORIZED INSURER THAT COULD POSSIBLY BE
EXPECTED TO HAVE ISSUED AN INSURANCE POLICY TO A HOLOCAUST VICTIM
BETWEEN JANUARY 1, 1920, AND DECEMBER 31, 1945;
(2) THE APPROXIMATE NUMBER AND TOTAL VALUE OF ALL INSURANCE
POLICIES ISSUED TO HOLOCAUST VICTIMS BETWEEN JANUARY 1, 1920, AND
DECEMBER 31, 1945, THAT, AS OF THE DATE OF THE REPORT, REMAIN UNPAID OR
WERE PAID TO, OR EXPROPRIATED BY, A GOVERNMENT LOCATED IN AREAS UNDER
NAZI INFLUENCE THAT WAS NOT THE NAMED BENEFICIARY OF THE INSURANCE
POLICY;
(3) A LISTING BY INSURER OF THE NUMBER OF CLAIMS FILED BY
INDIVIDUALS WHO ALLEGE OR HAVE ALLEGED THAT THEY ARE HOLOCAUST
VICTIMS AND WHETHER EACH CLAIM HAS BEEN PAID OR PAYMENT HAS BEEN
DENIED;
(4) A SUMMARY OF THE LENGTH OF TIME FOR THE PROCESSING AND
DISPOSITION OF CLAIMS FILED BY INDIVIDUALS WHO ALLEGE OR HAVE ALLEGED
THAT THEY ARE HOLOCAUST VICTIMS BY THE INSURER; AND
(5) A LISTING OF THE CIRCUMSTANCES OF THE ACTIVITIES OF THE
COMMISSIONER UNDER ITEM (4) OF THIS SECTION SUBSECTION AND § 28-107 OF THIS
TITLE.
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