§2071. Deposit account for proceeds of insurance policy or annuity
If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check-writing or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account. [PL 2019, c. 498, §22 (NEW).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW).
Structure Maine Revised Statutes
Chapter 45: MAINE REVISED UNCLAIMED PROPERTY ACT
Subchapter 2: PRESUMPTION OF ABANDONMENT
33 §2061. When property presumed abandoned
33 §2062. When tax-deferred retirement account presumed abandoned
33 §2063. When other tax-deferred account presumed abandoned
33 §2064. When custodial account for minor presumed abandoned
33 §2065. When contents of safe deposit box presumed abandoned
33 §2066. When stored-value obligation presumed abandoned
33 §2067. When gift obligation presumed abandoned
33 §2068. When security presumed abandoned
33 §2069. When related property presumed abandoned
33 §2070. Indication of apparent owner
33 §2071. Deposit account for proceeds of insurance policy or annuity
33 §2072. When United States savings bonds are presumed abandoned