A. Notwithstanding any other law, a holocaust victim or the heir, assignee, beneficiary or successor of a holocaust victim who resides in this state and who has a claim arising out of an insurance policy that was purchased or in effect in Europe before 1946 and that was delivered, issued for delivery or renewed by an insurer may bring an action against an insurer to recover on that claim in a court of competent jurisdiction in this state.
B. A court shall not dismiss an action brought under subsection A for failure to comply with any applicable limitations period if the action is brought on or before December 31, 2012.