Property payable or distributable in the course of demutualization of insurance company; abandonment
Known as the Uniform Unclaimed Property Act
The act spans §§ 27–27 (44 sections).
2003 Act No. 58, SECTION 1.
Unclaimed property payable or distributable in the course of a demutualization of an insurance company is presumed abandoned five years after the earlier of the date:
(1) of last contact with the policyholder; or
(2) the property became payable or distributable.
This section does not apply to amounts due and owing to the State or a political subdivision of the State.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.