Wisconsin § 177.0212 Deposit account for proceeds of insurance policy or annuity contract.

Wisconsin Statutes

§ 177.0212 — Deposit account for proceeds of insurance policy or annuity contract.

Wisconsin § 177.0212

Ch. 177Uniform unclaimed property act

Subch.subch. II of ch. 177 SUBCHAPTER II

PRESUMPTION OF ABANDONMENT

This text of Wisconsin § 177.0212 (Deposit account for proceeds of insurance policy or annuity contract.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 177.0212 (2026).

Text

177.0212  If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check 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 and the policy or contract includes the assets in the account, the assets in the account are subject to the same presumption of abandonment that is applied to the underlying policy or contract.

Free access — add to your briefcase to read the full text and ask questions with AI

177.0212 If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check 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 and the policy or contract includes the assets in the account, the assets in the account are subject to the same presumption of abandonment that is applied to the underlying policy or contract.