Following the Minnesota market conduct examinations administered by the state’s Department of Commerce, it was announced that two separate carriers have entered into Regulatory Settlement Agreements. The agreements, formally announced on May 27th, will require both insurance carriers to pay proceeds from life insurance policies, annuity contracts and retained asset accounts to Minnesota beneficiaries.
While the Delaware Unclaimed Property Voluntary Disclosure Program has seen a tremendous response rate, many companies have still not yet enrolled. As such, they may be risking the likelihood of an unclaimed property audit, as well as additional fines and penalties. If your organization has a reporting obligation to Delaware and is still undecided, we […]
Holders may have an extended window of opportunity to enroll in the Delaware Voluntary Disclosure Program – should DE Senate Bill 228 be passed into law. The bill, which provides for extensions of multiple deadlines and timeframe requirements for the state’s voluntary compliance initiative, was introduced to the Delaware Senate on May 16, 2014. The […]
The Unclaimed Property Professionals Organization will be hosting a Canadian unclaimed property seminar this July in an effort to further holders’ education and knowledge of escheatment while providing the opportunity for networking with fellow industry professionals. Event Details: July 9, 2014 9 a.m. to 4 p.m. EST Hyatt Regency Toronto Register Now The Canadian unclaimed […]