Lots of states have passed bills in recent years mandating that insurance companies must search for beneficiaries of unclaimed life insurance policies when the policyholder dies.
Illinois is currently considering House Bill 4633 the Unclaimed Life Insurance Benefits Act. Turns out the bill may violate contract clauses in the state and federal constitutions
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Source of insurance-forums.net
Illinois is currently considering House Bill 4633 the Unclaimed Life Insurance Benefits Act. Turns out the bill may violate contract clauses in the state and federal constitutions
[URL="http://ift.tt/2bnf2wM
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