(a) Notwithstanding any inconsistent provision of this chapter, any insurer organized, registered, licensed or accredited to do an insurance business in this state, in receipt of a claim against it arising from an occurrence during the period between January first, nineteen hundred twenty-nine and December thirty-first, nineteen hundred forty-five from an individual that such insurer knows, or reasonably should have known, is a Holocaust victim shall:

1. (1) diligently and expeditiously investigate such claim;
2. (2) allow claimants to provide alternative documentation which does not meet the usual standards of proof required by an insurer to substantiate the particular claim, subject to standards established for such documentation as prescribed by regulations promulgated by the superintendent; and
3. (3) attempt to resolve, settle and, if appropriate, make payments on claims irrespective of any statute of limitations or notice requirements imposed by any law or such insurance policy issued to or covering the life, property or interests of a Holocaust victim, provided that the claim is submitted to the insurer within ten years from the effective date of this article.