Spring Reporting Best Practices With spring unclaimed property deadlines right around the corner, we wanted to share some best practices for unclaimed property reporting. For even more information about the upcoming spring deadlines, watch the on-demand replay of our latest webinar. An operational timeline for the next 6 months! Impactful legislative & regulatory changes for […]
On December 4, 2017, the United States Court of Appeals for the Third Circuit vacated the United States District Court of Delaware’s dismissal of the lawsuit filed by Marathon Petroleum. In its precedential opinion, the Third Circuit rejected the holding that private parties cannot invoke federal common law to challenge a state’s abandoned property practices.
With the override of the Governor’s Amendatory Veto of IL HB 302 on November 8, 2017, the Unclaimed Life Insurance Benefits Act was amended to include a modified definition of “policy” and new requirements for insurers to perform comparisons of their in-force policies, annuity contracts, and retained asset accounts against the Death Master File (DMF).