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News & Press: General Unclaimed Property News

NAIC Work Group Recommends the NAIC Develop Model Law on Unclaimed Life Insurance Benefits

Friday, October 3, 2014   (0 Comments)
Posted by: Emily Lee
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The National Association of Insurance Commissioner's (NAIC) Unclaimed Life Insurance Benefits Working Group (working group) made two recommendations to the NAIC regarding unclaimed life insurance benefits. The working group has recommended that the:

 

1) NAIC develop its own model law to address unclaimed death benefits.
2) NAIC submit a comment letter to the Uniform Law Commission (ULC) urging the ULC not revise the life insurance section of the Uniform Act.

  

Read more about the working group's recommendations here.


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