Section 2706. Reports to the governor and the legislature  


Latest version.
  • The
      superintendent shall report to the governor and the legislature one year
      from the effective date of this article and annually thereafter for each
      of the succeeding ten years the following:
        (a)  the  number  of  insurers  organized,  licensed,  accredited   or
      registered  to  do an insurance business in this state and the number of
      other insurers that may be in the same  holding  company  system  as  an
      organized,  licensed,  accredited  or  registered  insurer  which  could
      possibly be expected to have issued  a  policy  to  a  Holocaust  victim
      between   January   first,   nineteen   hundred   twenty   and  December
      thirty-first, nineteen hundred forty-five;
        (b) the approximate number and the total value of all  such  insurance
      policies  which,  as  of  the date of such 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 such insurance policy;
        (c)  a listing by insurer of the number of claims filed by persons who
      allege or have alleged that they are Holocaust victims and whether  each
      such claim has been paid or payment has been denied;
        (d) a summary of the length of time for the processing and disposition
      of such a claim by the insurer; and
        (e)   a  listing  of  the  circumstances  of  the  activities  of  the
      superintendent pursuant to subdivision (d) of this section  and  section
      two thousand seven hundred seven of this article.