(2) THE COMMISSION OR SUCCESSOR ENTITY IS EFFECTIVELY MOVING
TOWARD THE SWIFT AND EQUITABLE RESOLUTION OF CLAIMS MADE AGAINST THE
INSURER BY HOLOCAUST VICTIMS.

(C) EACH SUSPENSION GRANTED UNDER SUBSECTION (B) OF THIS SECTION IS
VALID FOR A 1 YEAR PERIOD AND MAY BE EXTENDED ANNUALLY FOR ADDITIONAL
1 YEAR PERIODS ON A FINDING THAT:

(1) THE INSURER, A SUBSIDIARY OF THE INSURER, OR ANY MEMBER OF
THE HOLDING COMPANY SYSTEM THAT INCLUDES THE INSURER CONTINUES TO
SATISFY THE REQUIREMENTS SET FORTH IN SUBSECTION (B) OF THIS SECTION; AND

(2) THE COMMISSION OR SUCCESSOR ENTITY IS EFFECTIVE IN
ACHIEVING THE PROMPT IDENTIFICATION OF HOLOCAUST VICTIMS TO WHOM
INSURANCE POLICIES WERE ISSUED BETWEEN JANUARY 1, 1920, AND DECEMBER 31,
1945, AND THE INVESTIGATION AND RESOLUTION OF CLAIMS OF THOSE HOLOCAUST
VICTIMS.

(D) EACH INSURER THAT IS EXEMPTED OR SEEKS CONTINUED EXEMPTION
UNDER THIS SECTION SHALL FILE REPORTS OR PROVIDE OTHER INFORMATION AS
THE COMMISSIONER REQUIRES.

(E) THE COMMISSIONER MAY DISCONTINUE ANY EXEMPTION MADE IN
ACCORDANCE WITH THIS SECTION IF THE COMMISSIONER REASONABLY
DETERMINES THAT;

(1) THE INSURER, ITS SUBSIDIARY OR DIVISION, OR THE MEMBER OF
THE HOLDING COMPANY SYSTEM THAT INCLUDES THE INSURER, AS APPLICABLE, IS
NOT COOPERATING FULLY WITH THE COMMISSION OR SUCCESSOR ENTITY; OR

(2) THE COMMISSION OR SUCCESSOR ENTITY IS NOT EFFECTIVE IN
PROMPTLY INVESTIGATING AND RESOLVING CLAIMS OF HOLOCAUST VICTIMS.

28-110. 28-109.

THE COMMISSIONER SHALL ADOPT REGULATIONS TO CARRY OUT THIS TITLE
AND TO FACILITATE, MONITOR, AND VERIFY COMPLIANCE WITH THIS TITLE.

28-111. 28-110.

THIS TITLE IS THE HOLOCAUST VICTIMS INSURANCE ACT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1999. The exclusion under § 7-203(1) of the Tax - General Article shall be
applicable to decedents dying on or after July 1, 1999. The subtraction modification
under § 10-207(t) of the Tax - General Article shall be applicable to all taxable years
beginning after December 31, 1998.