Bill forces insurers
to seek survivors
MONTPELIER — The Vermont House has passed a bill requiring life insurance companies to make a good-faith effort to locate beneficiaries after a policyholder dies.
House Speaker Shap Smith said that in too many cases, insurance companies make little or no effort to track down survivors and thereby avoid paying on a policy.
The bill awaits Senate action. It would require life insurance companies to maintain and monitor a “Death Master File,” a program that matches a person on the file and the Social Security number, name or date of birth of an insured annuity owner.
Smith said the bill seeks to ensure that when someone buys life insurance in the hope of providing security for loved ones, that actually happens.MORE IN Vermont NewsCOLCHESTER — A bunch of kids in a minivan are solving twin challenges in northern Vermont:... Full Story
- Most Popular
- Most Emailed
- TOMORROW'S HEADLINES TODAY:
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits.
- TODAY'S WEATHER MINUTE: Dresden firebombing helped bring Nazis to knees, killed at least 25,000 civilians, men, women, children, dogs, cats; Veena in Sitka, BIG NEWS FLASH! Old guys get grumpy with age.
- TOMORROW'S HEADLINES TODAY: Update on Center Alley project, review of opiate talk evening at the library and aldermen want kids to wear helmets while riding bikes around town.
- TODAY'S WEATHER MINUTE: Flood watch in effect for Rutland County, developing El Nino shaping up to be extreme this year, Don DeLillo on the season's warming trend and Veena catches digital sniffles, all in today's minute.
- TOMORROW'S HEADLINES TODAY: Dramatic river rescue in Southern Vermont, Castleton moving ahead on sale of old town office building, Passover celebrated in Woodstock.