CT SB00488

Expands the definition of "indicated an interest" for unclaimed property to include written or oral communications with holders, account activity, deposits/withdrawals, and other actions demonstrating the owner knows the property exists

Clarifies that automatic premium loan or nonforfeiture provisions in insurance policies do not prevent policies from being deemed matured or terminated for unclaimed property purposes if the insured has died or beneficiaries are entitled to proceeds

Allows holders to request early reporting and delivery of property to the Treasurer before the standard deadline if circumstances indicate the property will likely become abandoned

Protects personal information of unclaimed property owners from public disclosure under the Freedom of Information Act, limiting disclosure to administration purposes only

Establishes a 2-year deadline for claims for retroactive benefits to the Second Injury Fund and limits retroactive benefit claims to a maximum 3-year period, while giving the Treasurer flexibility to establish necessary accounts or Short-Term Investment Funds to operate the fund