Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 781. Treasurer of State |
Chapter 9. UNCLAIMED PROPERTY |
Section 781.9.11. Reporting of retained asset accounts.
Latest version.
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Funds held in a retained asset account maintained by a life insurance company on behalf of a beneficiary shall be reported and delivered to the division if the beneficiary has failed to take such actions demonstrating an indication of interest in the account for a period of three years.
This rule is intended to implement Iowa Code section 556.9.
[ ARC 2809C , IAB 11/9/16, effective 12/14/16]