Laws of New York (Last Updated: November 21, 2014) |
ABP Abandoned Property |
Article 7. UNCLAIMED LIFE INSURANCE FUNDS |
Section 707. Reimbursement for claims paid by insurers
Latest version.
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Any life insurance corporation which has paid to the state comptroller moneys deemed abandoned property pursuant to the provisions of this article may make payment to any person entitled to all or any part thereof and shall thereby acquire all of the rights of such person to payment by the state comptroller.