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Armenian Victims Insurance Fairness Act

Introduced: October 16, 2003 Introduced by: Schiff, Adam B. Democratic · California See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 4, 2003
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Oct 16, 2003
Referred to the House Committee on Financial Services.
Oct 16, 2003
Sponsor introductory remarks on measure. (CR E2059-2060)
Oct 16, 2003
Introduced in House
 Plain-English summary Congressional Research Service

Armenian Victims Insurance Fairness Act - Authorizes States to: (1) require an insurance company conducting business in the State to disclose and make publicly available details regarding certain covered policies issued by that company or by any related company; and (2) provide penalties and sanctions for noncompliance.

Defines a "covered policy" as a life, property, liability, health annuity, dowry, educational, or casualty insurance policy issued to a policyholder domiciled in the area of Europe or Asia that was occupied or controlled by the Ottoman Empire and that was in effect at any time between 1875 and 1923.

Declares that Congress explicitly disapproves any Executive branch policy or agreement that preempts State efforts to collect insurance information to resolve outstanding claims concerning such policies.

What's happening now November 4, 2003

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

 Committees of jurisdiction 2