HB4739 HFA Sponaugle 3-1 #2

Delegate Sponaugle moves to amend H.B. 4739 on page 5, section 2, line 46, following the period, by inserting the following language:

“Further, notwithstanding any provision of the code to the contrary, the insurer’s obligation to account for and pay those proceeds to the Uniform Unclaimed Property Act, is tied to the death of the insured or the insured’s attainment of the limiting age, maturing three years thereafter, consistent with section two, article eight, chapter thirty-six of the code.”