Holocaust Victims Assistance Report and Standards of Proof

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Consumer Services

RULE NO.:RULE TITLE:

69J-137.010Holocaust Victims Assistance Report and Standards of Proof

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 40, No. 36, February 21, 2014 issue of the Florida Administrative Register.

Subsection (6) has been amended to read:

(6) To achieve statutorily required restitution, an insurer shall pay in full on behalf of, or cause to be paid in full by, an insurance company with which it has a legal relationship, the amount due with respect to any substantiated insurance claim made by policyholders who are Holocaust victims or insureds, from or by their heirs, descendants, or beneficiaries. Payment shall be calculated according to the procedures established by the International Commission on Holocaust Era Insurance Claims in the Guide to Valuation Procedures: Edition Dated 22-10-02 and Annex D thereto. The Guide to Valuation Procedures and Annex D thereto are hereby incorporated by reference and available on the website of the International Commission on Holocaust Era Insurance Claims at: http://www.icheic.org/claims.html. The amount due will be calculated based on the value of U.S. dollars at the time of payment. Payment shall include interest from January 1, 1946 to the date of the claim payment to be calculated pursuant to Section 55.03, F.S., or calculated pursuant to the interest rate adopted by the International Commission investigating the unpaid World War II era claims.