The start of each new year brings an increase in new legislation, as state legislators return from recess. From an unclaimed property perspective, 2015 has already seen a flurry of insurance beneficiary location bills being introduced. So far this year, six states have introduced legislation similar to the National Council of Insurance Legislators (NCOIL) Model […]
In a new opinion released by the Delaware District Court hearing Temple-Inland, Inc. v. Cook, several challenges to current Delaware audit methodologies have survived motion by the State for dismissal, giving a boost to holders and holder advocates who believe current estimation and other audit methodologies run afoul of constitutional protections.
On January 29, Delaware Governor Jack Markell signed into law Senate Bill 11 which enacts the less controversial recommendations of the Delaware Unclaimed Property Task Force (DETF). The DETF made nine recommendations in its final report issued in December, 2014. Senator Bryan Townsend, a co-chair of the DETF was the chief sponsor of SB 11.
Legislation eliminates requirement that gift card issuers/merchants obtain consumer data. On February 5, 2015, New Jersey Governor Chris Christie signed into law Senate Bill 2235 which repeals the otherwise upcoming requirement that gift card issuers/merchants, when selling gift certificates or cards in New Jersey, obtain the name and address of the purchaser (at a minimum the zip code […]
The Pennsylvania unclaimed property reporting deadline is fast approaching and recently reduced dormancy periods are in effect. Is your company in compliance and ready to report? Keane invites you to attend our Pennsylvania unclaimed property holder seminar to prepare your company for the upcoming escheat cycle. This is a free educational program providing important unclaimed property […]