IN SB0425

Legislative Description

Unclaimed life insurance benefits. Requires the department of insurance to develop, post, and maintain on the Internet information concerning life insurance and financial affairs. Specifies that the law concerning unclaimed life insurance benefits: (a) applies to policies, annuities, and retained asset accounts issued after June 30, 2015; and (b) does not prevent the attorney general from performing certain examinations of life insurance company records. Repeals a requirement for insurer procedures related to death master file search data.

Last Action

Committee Referrals