Keane's Unclaimed Property Blog

Retirement Savings Lost and Found Act to Target Lost 401ks

Retirement Savings Lost and Found Act to Target Lost 401ks

Compliance

On June 21st, United States Congresswoman Elizabeth Warren (D-MA) and Congressman Steve Daines (R-MT) introduced Senate Bill 3078 which would create the “Retirement Savings Lost and Found Act” (“RSLFA”). The legislation is based on the assertions made in a March 2015 TIAA-CREF Survey Report indicating that of all respondents to the survey, thirty percent (30%) […]

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Missouri Enacts Life Insurance Benefits Act

Missouri Enacts Life Insurance Benefits Act

Insurance, Legislative Alerts

Effective on August 8, 2016, the new law enacts the Missouri Unclaimed Life Insurance Benefits Act and outlines the requirements and procedures that life issuers must follow to proactively determine if insureds are deceased and perform outreach to beneficiaries. Missouri is now the 22nd state to enact similar legislation.

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