Executive Order Blocking Property and Prohibiting Transactions with Persons Who Permit, Threaten to Commit, or Support Terrorism

[LOGO] JANE SWIFT GOVERNOR COMMONWEALTH OF MASSACHUSETTS Office of Consumer Affairs and Business Regulation DIVISION OF INSURANCE One South Station • Boston, MA 02110-2208 (617) 521-7794 • FAX (617) 521-7758 TTY/TDD (617) 521-7490 http://www.state.ma.us/dol JENNIFER DAVIS CAREY DIRECTOR, CONSUMER AFFAIRS AND BUSINESS REGULATION LINDA RUTHARDT COMMISSIONER OF INSURANCE # BULLETIN No. 01-13 To: All Domestic Insurers and Risk Bearing Licensees From: Linda Ruthardt, Commissioner of Insurance Linda Ruthardt Date: October 3, 2001 Re: Executive Order Blocking Property and Prohibiting Transactions with Persons Who Permit, Threaten to Commit, or Support Terrorism In response to the terrorist attacks in New York, Pennsylvania, and Washington D.C. committed on September 11, 2001, President Bush issued an Executive Order, effective September 24, 2001, which provides that the property and interests in property of persons listed in the Annex to the Executive Order (a copy of the list is on the reverse side of this page) that are either in the United States or that come into the United States are blocked. This includes the making or receiving of any contribution of funds, goods, or services to or for the benefit of those persons listed in the Annex to the Order or otherwise determined to be subject to the Order. This is to advise all insurers and risk bearing licensees to become familiar with their obligations under the Executive Order. Entities found to have violated this Executive Order may be subject to sanction; therefore you should review the United States Department of the Treasury, Office of Foreign Assets Control, website, www.treas.gov/ofac, which will provide additional ongoing information regarding these requirements. Questions regarding the Executive Order should be directed to the Federal Office of Foreign Assets Control.