701 - Annual report of abandoned property. - New York Statutes

§ 701. Annual report of abandoned property. 1. On or before the first day of April in each year every life insurance corporation shall make a verified written report to the state comptroller, which shall contain a true and accurate statement, as of the first day of January next preceding, of all abandoned property specified in section seven hundred, held or owing by it. 2. Such report shall set forth: (a) The name and last known address of any person or persons appearing from the records of such life insurance corporation to be entitled to receive any such abandoned property; (b) The amount appearing from the records of such corporation to be due; (c) The policy number and policy age of the insured; (d) The date such abandoned property was payable; (e) The names and last known addresses of each beneficiary appearing in the records of the insurer; and (f) Such other identifying information as the state comptroller may require. 3. Such report shall be in such form and the abandoned property listed shall be classified in such manner as the state comptroller may prescribe. Names of persons appearing to be entitled to such property or of beneficiaries appearing in such report shall be listed in alphabetical order within each such classification. 4. In case any life insurance corporation shall on the first day of January in any year neither hold nor owe any abandoned property specified in section seven hundred, it shall on or before the first day of April next succeeding make a verified written report to the state comptroller so stating.