Sec. 11. (a) An insurer shall, at least every six (6) months, perform a comparison of in-force policies, annuities, and retained asset accounts issued by the insurer in Indiana against a death master file to identify potential death master file matches.
(b) An insurer that performs a comparison under subsection (a) using:
(1) a complete death master file one (1) time per year; and
(2) only the update files of the death master file used under subdivision (1) for additional comparisons during the twelve (12) months after the comparison under subdivision (1);
is considered to be compliant with subsection (a).
(c) This section does not prevent an insurer from requesting a certified original or copy of a death certificate as a part of a claim validation process.
As added by P.L.90-2014, SEC.1.
Structure Indiana Code
Article 2. Powers and Duties of Insurers
Chapter 23. Unclaimed Life Insurance Benefits
27-2-23-1. Application of Chapter
27-2-23-5. "Death Master File"
27-2-23-6. "Death Master File Match"
27-2-23-7. "Knowledge of Death"
27-2-23-10. "Record Keeping Services"
27-2-23-10.2. "Retained Asset Account"
27-2-23-11. Performance of Death Master File Comparison; Frequency; Death Certificate
27-2-23-12. Insurer Duty Related to Possible Death
27-2-23-14. Disclosure of Personal Information
27-2-23-15. Charges Related to Search
27-2-23-16. Order of Payment; Unclaimed Property
27-2-23-17. Commissioner Accommodations for Insurer Compliance
27-2-23-18. Insurer Actions With Respect to Proceeds; Unclaimed Property; Liability