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Interest on unclaimed property
August 1, 2024
Q. I was asked this question regarding unclaimed property. I work at a reinsurance company that deals a lot with insurance type payments, etc. We are entering into the PRT business (pension risk). Are there certain property types that require a company to include interest when filing and paying to the states, and if so, can you provide details? Where can i get more information on this? We believe any unclaimed property will need to be tracked, with interest accredited to the outstanding balance…
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