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

Bulletin No. 01-010 October 10, 2001 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 the Pentagon committed on September 11, 2001, President George W. Bush issued an Executive Order, effective September 24, 2001, which provides that property and interests in property of those persons and entities listed in the Annex to the Executive Order (a copy of the list is attached to this Bulletin) that are either in the United States or 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 or entities listed in the Annex to the Order or otherwise determined to be subject to the Order. The purpose of this Bulletin is to advise all insurers and licensees to become familiar with their obligations under the Executive Order. All insurers and licensees should review their records for any information that may be relevant to the Executive Order. Insurers and licensees should also review the United States Government, Department of the Treasury, Office of Foreign Assets Control, website, www.treas.gov/ofac, which will provide additional updated information regarding these requirements. Questions regarding the Executive Order should be directed to the Office of Foreign Assets Control. Entities found to have violated this Executive Order may be subject to sanction. Insurers and licensees reporting information to federal authorities should also notify the Nevada Insurance Division at 788 Fairview Drive, Suite 300, Carson City, NV 89701-5491. ALICE A. MOLASKY-ARMAN Commissioner of Insurance