2021 New York Laws
ABP - Abandoned Property
Article 7 - Unclaimed Life Insurance Funds
702 - Publication of List of Abandoned Property.

§  702.  Publication of list of abandoned property. 1. Every such life
insurance corporation shall cause to be  published,  on  or  before  the
first  day  of  May in each year, a notice entitled: "NOTICE OF NAMES OF
PERSONS APPEARING AS OWNERS OF CERTAIN UNCLAIMED PROPERTY HELD BY  (name
of life insurance corporation)."
  2.  Such  notice  shall  be  published  once in at least one newspaper
published in the county of the state in which is located the  last-known
address of the holder of a policy under which such abandoned property is
payable.  If  there are no newspapers published in such county then such
notice shall be published  in  a  newspaper  published  in  an  adjacent
county.  Such publication shall be in a newspaper printed in the English
language and any other newspaper that will substantially serve to inform
the public of said abandoned property. The comptroller shall  promulgate
rules  to  determine  when  it is appropriate to designate an additional
publication.
  3. Such notice shall set forth:
  (a) the names and last known addresses which were in such  report,  of
all  persons  appearing  to  be  entitled to any such abandoned property
amounting to fifty dollars or more; provided,  however,  that  with  the
consent of the state comptroller, the name and last known address of any
person  may be omitted from such notice where special circumstances make
it desirable that such information be  withheld.  Such  names  shall  be
listed in alphabetical order;
  (b) such other information as the state comptroller may require; and
  (c) a statement
  (i)  that  a  report of unclaimed amounts of money held or owing by it
has been made to the comptroller of the state of New  York  and  that  a
list of the names contained in such notice is on file and open to public
inspection  at  the  principal  office or place of business of such life
insurance corporation in any city, village  or  county  where  any  such
abandoned property is payable;
  (ii)  that  such  unclaimed moneys will be paid by it on or before the
succeeding thirty-first day of August to  persons  establishing  to  its
satisfaction their right to receive the same; and
  (iii)  that in the succeeding month of September, and on or before the
tenth day thereof, such unclaimed moneys still remaining will be paid to
the comptroller of the state of New York and  that  it  shall  thereupon
cease to be liable therefor.
  4.   Such  life  insurance  corporation  shall  file  with  the  state
comptroller on or before the tenth day of May  in  each  year  proof  by
affidavit of such publication.