Enrolled Senate Bill (S)
Authored by: Sen. Travis Holdman, Sen. Greg Walker
Co-Authors: Sen. Frank Mrvan, Sen. Lonnie Randolph
Sponsors: Rep. Matthew Lehman
  • Sen. Travis Holdman
    Sen. Travis Holdman

    Author

  • Sen. Greg Walker
    Sen. Greg Walker

    Author

  • Sen. Frank Mrvan
    Sen. Frank Mrvan

    Co-Author

  • Sen. Lonnie Randolph
    Sen. Lonnie Randolph

    Co-Author

  • Rep. Matthew Lehman
    Rep. Matthew Lehman

    Sponsor

  • Rep. Martin Carbaugh
    Rep. Martin Carbaugh

    Co-Sponsor

DIGEST

Unclaimed life insurance benefits. Requires an insurer to perform periodic comparison of certain in-force life insurance policies, annuities, and retained asset accounts against a death master file. Requires an insurer to confirm the possible death of an insured, annuitant, or account owner and determine the benefits due. Provides that if the person to whom the benefits are due is not found, the benefits escheat to the state under the unclaimed property law. Makes an insurer's noncompliance an unfair or deceptive act or practice in the business of insurance.