Va. Code § 55.1-2509

Current with changes from the 2024 legislative session through ch. 845
Section 55.1-2509 - Unclaimed demutualization proceeds

Unclaimed property payable or distributable in the course of the demutualization of an insurance company is presumed abandoned five years after the earlier of (i) the date of last contact with the policyholder or (ii) the date the property became payable or distributable. The report filed on November 1, 2003 will include demutualization distribution property for which there has been no policyholder contact for the five years prior to June 30, 2003.

Va. Code § 55.1-2509

2003, cc. 750, 765, § 55-210.4:2; 2019, c. 712.
Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.