West Virginia Code of State Rules › Agency 112 - Treasurer › Title 112 - PROCEDURAL RULE STATE TREASURER'S OFFICE › Series 112-05 - Enforcement of the Uniform Unclaimed Property Act and the Unknown and Unlocatable Interest Owners Act › Section 112-5-6 - Reporting and Due Diligence

Current through Register Vol. XLI, No. 28, July 12, 2024
6.1. A person holding property presumed
				abandoned and subject to the Act shall file a report with the administrator
				concerning the property. A holder shall file the report before the first day of
				November of each year for the period of July 1 through June 30, except a life
				insurance company which shall file its report before the first day of May of
				each year for the period of January 1 through December 31. The report shall be
				verified for accuracy and include, when known or readily ascertainable:
6.1.1. The name, social security number or
				taxpayer identification number, email address, best mailing address, date of
				birth, date of death (if applicable), driver's license number, and driver's
				license state of each person appearing from the records of the holder to be the
				apparent owner of any property presumed abandoned under the Act with an
				aggregate value of $50 or more;
6.1.2. In case of unclaimed funds of life
				insurance companies due beneficiaries from a life or endowment insurance policy
				or annuity held by life insurance companies:
6.1.2.a. The insured or annuitant's name,
				social security number or taxpayer identification number, date of birth, date
				of death (if attainable through commercially reasonable means); and
6.1.2.b. Each beneficiary's name, email
				address, best mailing address, social security number or taxpayer
				identification number, date of birth, date of death (if applicable), driver's
				license number, driver's license state, and relationship to the insured or
				annuitant:
Provided
, That the information described in this
				subdivision must be reported regardless of whether the owner is alive or
				deceased.
6.1.3. In case
				of other property subject to transfer upon the death of the owner, including
				but not limited to an Individual Retirement Account or demand, savings or time
				deposit that is payable on death:
6.1.3.a. The
				apparent owner's name, social security number or taxpayer identification
				number, date of birth, date of death (if applicable); and
6.1.3.b. Each beneficiary's name, email
				address, best mailing address, social security number or taxpayer
				identification number, date of birth, date of death (if applicable), driver's
				license number, driver's license state, and relationship to the apparent owner:
Provided
, That the information described in this subdivision
				must be reported regardless of whether the apparent owner is alive or
				deceased.
6.1.4. In the
				case of the contents of a safe deposit box or other safekeeping depository or
				in the case of other personal property, a description of the property and any
				identifying or safekeeping box number for each item of property together with:
6.1.4.a. An itemized breakdown of each safe
				deposit box opening charge, unpaid rent and storage charges for which the
				holder requests reimbursement;
6.1.4.b. The date of the owner's last
				indication of interest in the property according to the records of the holder;
				and
6.1.4.c. In the case of an
				interest-bearing demand, savings or time deposit, the annual interest rate at
				the time the property was paid to the administrator.
6.1.5. In the case of a reserved interest
				subject to the UUIO Act, the county and legal description of the property where
				the reserved interest is located, and if applicable, the well name, and any
				known well number.