Abandoned Property - Unclaimed Life Insurance Funds - Reimbursement for claims paid by insurers


Published: 2014-09-22

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§ 707. Reimbursement for claims paid by insurers. Any life insurance
corporation which has paid to the state comptroller moneys deemed
abandoned property pursuant to the provisions of this article may make
payment to any person entitled to all or any part thereof and shall
thereby acquire all of the rights of such person to payment by the state
comptroller.