Legislative Alerts (170 articles)
Here you can find updates on unclaimed property laws, rules, and regulations. Unclaimed property legislation varies from state to state, and is different depending on the type of property. Check back frequently for legislative alerts and breaking unclaimed property news as it happens.
By introducing the Revised Uniform Unclaimed Property Act of 2016, significant changes may be forthcoming to District of Columbia Unclaimed Property Law. While the Act itself covers specific revisions to property types and unclaimed laws, the bill’s most important aspects have been outlined below.
Introduced on January 10, 2018, Washington H 2486 seeks to adopt the Revised Uniform Unclaimed Property Act (RUUPA). The Act would significantly modify existing unclaimed property law in the state. Dormancy periods and triggers for existing and new property types are introduced, along with, new requirements for additional holder outreach and due diligence.
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).