Texas Insurance Code Title 7, Chapter 1109 - Unclaimed Life Insurance And Annuity Contract Proceeds

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1109.001 - Applicability Of Chapter
  (a) This chapter applies to proceeds held and owing by a life insurance company engaged in the business of insurance in this state if: (1)...
• Texas Section 1109.002 - Administration And Enforcement; Rules
  (a) This chapter shall be enforced in the manner provided for enforcement of Chapter 74, Property Code, under Subchapter H of that chapter. (b) The...

SUBCHAPTER B DELIVERY OF PROCEEDS TO STATE

• Texas Section 1109.003 - Appropriations To Administer Chapter
  To enforce and administer this chapter, the legislature may appropriate unclaimed money received under Chapter 74, Property Code, or under any other statute requiring the...
• Texas Section 1109.051 - Company Report Of Unclaimed Proceeds
  (a) A life insurance company engaged in the business of insurance in this state that on June 30 holds unclaimed proceeds subject to this chapter...
• Texas Section 1109.052 - Delivery Of Proceeds To Comptroller
  A life insurance company required to file a report under Section 1109.051 shall deliver to the comptroller with the report all unclaimed proceeds described by...
• Texas Section 1109.053 - Retention Of Records By Insurance Company
  (a) A life insurance company required to file a report under Section 1109.051 shall maintain a record of: (1) the name and last known address,...
• Texas Section 1109.054 - Public Record Of Receipt Of Proceeds
  (a) The comptroller shall maintain in the comptroller's office a public record of each delivery of unclaimed proceeds received under this chapter. (b) Except as...
• Texas Section 1109.055 - State Responsibility For Proceeds; Indemnification Of Company
  (a) On the delivery of unclaimed proceeds under this chapter: (1) the state assumes custody of the proceeds for the benefit of each person entitled...

SUBCHAPTER C PUBLIC NOTICE

• Texas Section 1109.056 - Examination Of Company Records
  (a) The comptroller may examine the records of a life insurance company to determine if the company is complying with this chapter. (b) The comptroller...

SUBCHAPTER D CLAIMS FOR PROCEEDS

• Texas Section 1109.101 - Public Notice Of Unclaimed Proceeds
  (a) In the calendar year following the year in which a report required by Section 1109.051 is made and in which the unclaimed proceeds described...
• Texas Section 1109.151 - Filing Of Claim
  A person claiming to be entitled to unclaimed proceeds delivered to the comptroller under this chapter may at any time file a claim for the...
• Texas Section 1109.152 - Determination Of Claim
  The comptroller may accept or reject a claim made under Section 1109.151. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1,
• Texas Section 1109.153 - Appeal
  (a) If the comptroller rejects a claim made under Section 1109.151 or does not act on a claim before the 91st day after the date...
• Texas Section 1109.154 - Payment Of Claim
  The comptroller shall pay from unclaimed money received under Chapter 74, Property Code, or under any other statute requiring the delivery of unclaimed property to...

Last modified: September 28, 2016