Code of Virginia § 55.1-2509. Unclaimed demutualization proceeds.
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/va/title-55-1/chapter-25/55-1-2509·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
2003, cc. 750 , 765 , § 55-210.4:2; 2019, c. 712 .