556.3A Unclaimed demutualization proceeds held by insurance companies.
1. Property distributable in the course of demutualization or related reorganization of an insurance company occurring on or after January 1, 2003, that remains unclaimed is deemed abandoned two years after the earlier of:
a. The first date on which the property of an insurance company being demutualized or reorganized was distributable.
b. The date of last contact by the insurance company with a policyholder.
2. Property distributable in the course of demutualization or related reorganization of an insurance company occurring before January 1, 2003, that remains unclaimed is deemed abandoned two years after the first date on which the property of an insurance company being demutualized or reorganized was distributable.
2003 Acts, ch 46, §1, 5
Referred to in §556.11
Structure Iowa Code
Chapter 556 - DISPOSITION OF UNCLAIMED PROPERTY
Section 556.1 - Definitions and use of terms.
Section 556.2 - Property held by banking or financial organizations or by business associations.
Section 556.2A - Traveler’s checks and money orders.
Section 556.2C - Outstanding state warrants.
Section 556.3 - Unclaimed funds held by life insurance corporations.
Section 556.3A - Unclaimed demutualization proceeds held by insurance companies.
Section 556.4 - Deposits and refunds held by utilities.
Section 556.5 - Stocks and other intangible interests in business associations.
Section 556.7 - Property held by fiduciaries.
Section 556.8 - Property held by state courts and public officers and agencies — abandonment.
Section 556.9 - Miscellaneous personal property held for another person — wages — gift certificates.
Section 556.9A - Out-of-state property issued within the state.
Section 556.9B - United States savings bonds — escheatment procedures.
Section 556.11 - Report of abandoned property.
Section 556.12 - Notice and publication of lists of abandoned property.
Section 556.13 - Payment or delivery of abandoned property.
Section 556.14 - Relief from liability by payment or delivery.
Section 556.15 - Income accruing after payment or delivery.
Section 556.16 - Periods of limitation not a bar.
Section 556.17 - Sale of abandoned property.
Section 556.18 - Deposit of funds.
Section 556.19 - Claim for abandoned property paid or delivered.
Section 556.20 - Determination of claims.
Section 556.21 - Judicial action upon determinations.
Section 556.22 - Elections by the treasurer of state.
Section 556.23 - Examination of records.
Section 556.24 - Proceeding to compel delivery of abandoned property.
Section 556.24A - Public records.
Section 556.25 - Interest and penalties.
Section 556.27 - Effect of laws of other states.
Section 556.28 - Interstate agreements and cooperation.