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 — Lawmakers complained to the state’s top health care reform official Thursday they... Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: Giles Corey of Salem, Mass., is pressed to death during the Salem witch trials; on this day in 1952, film comedian Charlie Chaplin, while traveling to England, is denied re-entry into the United States by U.S. attorney general.
- RICHARD'S POOR ALMANACK: Dutch father of microbiology Antonie van Leeuwenhoek discovers the existence of one-celled organisms; in 1967, The Doors are booked to play the Ed Sullivan show; in 1858, freedom fighter Dred Scott dies on this day in St. Louis.
- TOMORROW'S HEADLINES TODAY: No money this year for western rail project, Lola Aiken memorialized in Montpelier, Supreme Court Castleton murder suspect will remain in jail, Shaftbury man fires shots from his AK-47 into neighbor's home.
- RICHARD'S POOR ALMANACK: On this day in 1959, Soviet Premier Nikita S. Khrushchev arrives in U.S. for historic 13-day visit; in 1987, Secretary of State George Shultz and Soviet Foreign Minister Eduard Shevardnadze sign nuclear reduction agreement.
- TOMORROW'S HEADLINES TODAY: City celebrates completion of its newest mural, on West Street opposite the post office, more than $2 million in federal grants will bolster Vermont's health centers, Patrick McArdle reports on pending sale of Vermont papers.
- RICHARD'S POOR ALMANACK: Henry Hudson sails up the Hudson River as far as present-day Albany, Leo Szilard has epiphany waiting for the light to change, 3 kids report a West Virginia close encounter in 1952.