California Insurance Code

§ 790.15

INS § 790.15 Effective Sep 29, 1998Div. 1 · Part 2 · Ch. 1 · Art. 6.5

Statute text

(a)If an insurer or any affiliate of an insurer has failed to pay any valid claim from Holocaust survivors, the certificate of authority of the insurer shall be suspended until the insurer, or its affiliates, pays the claim or claims.

(b)As used in this section:

(1)“Holocaust survivor” means any person who is the beneficiary of an insurance policy, if the insurance policy insured a person’s life, property, or other interest, and the insured person was killed, died, was displaced, or was otherwise a victim of persecution of Jewish and other peoples preceding and during World War II by Germany, its allies, or sympathizers.

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Legislative history

Added by Stats. 1998, Ch. 963, Sec. 2. Effective September 29, 1998.