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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 25 May 2018 - onwards
Version 3 of 3

12. Register of unclaimed policies.

(1) Each insurance undertaking shall keep a register of unclaimed policies.

(2) Subject to subsection (3), an insurance undertaking shall enter in the register the following particulars of unclaimed policies in respect of which moneys are transferred to the Fund under section 10:

(a) the name and correspondence address of the policy holder, if ascertainable;

(b) the policy number, if any and ascertainable;

(c) the total number of policies which have a specified term;

(d) the total number of policies which have no specified term;

(e) if a notice was sent to the policy holder under section 8, the date on which the notice was sent;

(f) the date on which the policy was deemed to be an unclaimed policy in accordance with section 6;