781—9.11  (556)  Reporting of retained asset accounts.   Funds held in a retained asset account maintained by a life insurance company on behalf of a beneficiary shall be reported and delivered to the division if the beneficiary has failed to take such actions demonstrating an indication of interest in the account for a period of three years.
This rule is intended to implement Iowa Code section 556.9.
[ ARC 2809C , IAB 11/9/16, effective 12/14/16]