"I
saw my name in the newspaper."
"I
saw my name on the state's unclaimed property database."
"I
have been advised that there is property waiting for me-Why
am I entitled to this property?" |
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You
may have been directed here because you appear to be entitled to
unclaimed property in the form of a distribution from the demutualization
of a life or health insurance company.
If
you were an owner of a policy (“policyholder”) bought
from a company that changed from a mutual ownership to stock ownership
(“demutualization”), and you met certain eligibility
criteria, you were automatically entitled to receive stock or cash
distributed in the demutualization. If the company could not locate
you, the demutualization proceeds would have been turned over to
the custody of the state, as required by the unclaimed property
law.
On
this site you can learn what demutualization is and how
it could affect you as a policyholder. You will also find links
to demutualized company web sites and company contact information
which you can use to inquire about the status of your policy or
your ownership rights, or any other questions you may have.
PLEASE
NOTE: The underlying insurance policy was not affected by the
demutualization.
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