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 NewsMONTPELIER — The Vermont Board of Education is seeking public comment as members draft a... Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day in 1520, Ferdinand Magellan is first European to navigate passage that bears his name from the Atlantic to the Pacific sea; in 1582, Will Shakespeare, Anne Hathaway secure their marriage license with 40 pound bond.
- RICHARD'S POOR ALMANACK: On this day in 1778, Capt. James Cook is first European to set eyes on Maui in Hawaiian Islands; 1922, Pharoah Tutankhamun found after 3000 years; 1909, Hollawood movie star Frances Dee born in Los Angeles.
- TOMORROW'S HEADLINES TODAY: Hazmat unit called downtown, Boys & Girls Club hosts dinner for members and families, Secret Santa back on the beat, city discusses runoff problem on Mayfield Road, Brandon gets creative about fixes to town roads, sidewalks.
- RICHARD'S POOR ALMANACK: In 1944, U.S. begins B-29 bombing raids on Japanese main islands; in 1950, Great Appalachian Storm begins to form; 1963, Lee Oswald killed by Jack Ruby; 1974, D.B. Cooper hijacks Seattle-bound airliner; 1974, 'Lucy' found.
- RICHARD'S POOR ALMANACK: On this day in 1927, striking Colo. miners attacked with machine guns by state police; 1877, Thomas Edison announces invention of the phonograph, 1959, Alan Freed fired by WABC 770 AM for accepting payola to promote records.
- RICHARD'S POOR ALMANACK: On this day in 1863, President Abraham Lincoln delivers short speech in Gettysburg, Pa.; in 1984, a Pemex LNG facility destroyed by series of gas explosions, 600 people are killed; in 1998, Senate builds fire under Bill Clinton.