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Facilitating Claims for Holocaust-Era Insurance Policies

This act aims to simplify the process for victims and their heirs to claim benefits from insurance policies issued during the Holocaust era. It allows for the reopening of legal cases and overrides previous rulings that hindered such claims, providing citizens with new legal avenues.
Key points
Opens the door for legal claims on insurance policies from 1933-1945, issued in areas occupied by Nazi Germany or in Switzerland.
Establishes a new federal process for pursuing claims, independent of prior court decisions and foreign policy.
Sets a 10-year statute of limitations from the act's enactment date for filing lawsuits, allowing time for case preparation.
If an insurer is found to have acted in bad faith, the court may award triple the due amount, plus interest and legal costs.
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Additional Information
Holocaust Insurance Accountability Act of 2021
Print number: HR 2493
Sponsor: Rep. Wasserman Schultz, Debbie [D-FL-23]
Process start date: 2021-04-13