Life insurance companies in New Jersey are now required to comply with new beneficiary location regulations with the passage of AB 2511. The bill, effective on March 1, 2018, requires insurers to use the federal Death Master File (DMF) when identifying potential matches of insureds or account holders to confirm death and locate beneficiaries.
Legislative Alerts (164 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.
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.
Illinois unclaimed property law was drastically overhauled with the passage of IL Senate Bill 9 on July 6, 2017. IL SB 9 makes numerous changes to current Illinois unclaimed property law, including eliminating exemptions and reducing dormancy periods on certain property types. The new law brings to mind a previously introduced bill, IL HB 2603, […]