Regulation 200 and Life Insurance Death Benefits

Stockbroker Law - Tuesday, March 01, 2016
Regulation 200 and Life Insurance Death Benefits

An investigation by the New York State Department of Financial Services resulted in the return of more than $1,000,000,000 of unpaid life insurance benefits to consumers nationwide. New York State Law requires that life insurer’s perform frequent and regular checks against the Social Security Administration’s Death Master File (DMF) and pay death benefits to named beneficiaries under life insurance policies.

In the Bipartisan Budget Deal of 2013, Congress directed the United States Department of Commerce to develop a certification program that enables persons who meet specified criteria to continue to have access to the Social Security Administration’s DMF.

Are you a beneficiary under the life insurance policy of deceased loved one who hasn’t been paid your due and proper death benefits under life insurance policy?

We offer a free initial consultation to named beneficiaries of life insurance policies who have been victimized by life insurance companies who failed to honor the contractual requirements entitling beneficiaries to death benefits. For a free initial consultation contact the Law Offices of Timothy J. O'Connor at (518) 426-7700.

Recent

Blog Posts

Blog Post

Archive

Investment & Broker
Misconduct

Investment Misconduct

Whistleblowers
 

Whistleblowers

Private Company
Disputes

Private Company Disputes

Personal
Injury

Personal Injury