                                 CODE OF VIRGINIA

UNCLAIMED DEMUTUALIZATION PROCEEDS (§ 55.1-2509)

Unclaimed property payable or distributable in the course of the demutualization
of an insurance company is presumed abandoned five years after the earlier of
(i) the date of last contact with the policyholder or (ii) the date the property
became payable or distributable. The report filed on November 1, 2003 will
include demutualization distribution property for which there has been no
policyholder contact for the five years prior to June 30, 2003.

HISTORY: 2003, cc. 750, 765, § 55-210.4:2; 2019, c. 712.