In their complaint filed in California Superior Court on October 9th, life insurer Thrivent Financial for Lutherans (Thrivent) contends that the California Controller’s designation of the “date of death” as the life insurance dormancy trigger and an arbitrary quarterly death master file comparison requirement are both “underground regulations” inconsistent with California Unclaimed Property Law.
This week, testimony regarding a bill proposing the prohibition of contingent fee auditors by state agencies was brought before the Massachusetts Legislature Joint Committee on State Administration and Regulatory Oversight. MA Senate Bill 1710, filed on April 15, 2015, would ban the use of contingent fee auditors by the Massachusetts Department of Revenue, which conducts […]
Understanding unclaimed property dormancy periods by state and executing the appropriate decisions can make or break your company’s unclaimed property program. This is due primarily to the fact that each state has varying dormancy periods. To complicate matters even further…
Integrating owner location into the regular course of a holder’s compliance process can be a powerful form of insurance for your company against estimation far into the future. To understand why, let’s take a look at how estimation in an unclaimed property audit works.