§ 27-2-23-11 — Performance of death master file comparison; frequency; death certificate

Indiana § 27-2-23-11

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 2: POWERS AND DUTIES OF INSURERS
• Ch. 23: Unclaimed Life Insurance Benefits

Text

(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.

Legislative History

As added by P.L.90-2014, SEC.1.