Thrivent Financial for Lutherans; The Department found that a life insurance policy becomes a claim upon the death of the insured and that a claim is due and payable upon the death of the insured. If no person claims the proceeds within the ...

 

DEPARTMENT OF FINANCIAL SERVICES

NOTICE IS HEREBY GIVEN that the Florida Department of Financial Services has issued an order disposing of the petition for declaratory statement filed by Thrivent Financial for Lutherans on October 4, 2013. The following is a summary of the agency's disposition of the petition:

The Department found that a life insurance policy becomes a claim upon the death of the insured and that a claim is due and payable upon the death of the insured. If no person claims the proceeds within the statutory time limit, the proceeds are presumed unclaimed and the proceeds are payable notwithstanding the owner’s failure to make a demand or present documents required to receive payment.

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: L. Michael Billmeier, Jr., Assistant General Counsel, Department of Financial Services, 200 East Gaines Street, Tallahassee, Florida 32399, telephone number: [phone], email: [e-mail].