2602

This chapter shall apply to unclaimed funds, as defined in § 2603(b) of this title of any insurer, general agent, manager and producer to whom the insurer may have returned or credited funds to transmit to a person entitled thereto, who is engaged in the business in Puerto Rico when the last known address of the person entitled to the funds is one in Puerto Rico, in accordance with the records of the insurer, general agent, manager and producer. If the person entitled to the funds is not the insured or the annuitant, and no address of this person is known, or if from the records there does not appear in a certain and definite manner what person is entitled to the funds, it shall be presumed, in both cases, for the purposes of this chapter, that the last known address of the person entitled to receive the funds is the same as the last known address of the insured or annuitant, in accordance with the records of the insurer, general agent, manager and producer.\nHistory —Ins. Code, added as § 26.020 on May 30, 1970, No. 61, p. 159; July 23, 1974, No. 133, Part 1, p. 598, § 12; Jan. 19, 2006, No. 10, § 9, eff. 120 days after Jan. 19, 2006.