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Keane's Unclaimed Property Blog

Legislative Alerts (166 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.

Illinois Amends Unclaimed Life Insurance Benefits Act

Illinois Amends Unclaimed Life Insurance Benefits Act

Insurance, Legislative Alerts

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).

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Second Set of Proposed Reporting & Audit Regulations Issued by Delaware Department of Finance

Second Set of Proposed Reporting & Audit Regulations Issued by Delaware Department of Finance

Compliance, Legislative Alerts

The Delaware Department of Finance and the State Escheator issued a new round of proposed regulations, once again taking the form of an “Unclaimed Property Reporting and Examination Manual.” Though similar in form and substance to the Examination Manual as introduced in April, this latest version includes several noteworthy revisions.

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