Unclaimed Property Services
Pay benefits to rightful heirs, minimize escheatment and quickly comply with state regulations for unclaimed property.
To comply with state regulations, insurance companies must quickly identify deceased insureds and either locate and pay the beneficiaries or escheat the funds to the state as unclaimed property.
CSC offers Unclaimed Property business process services that can be deployed quickly for initial massive cleanup assessments as well as periodic maintenance sweeps to maintain compliance. Our end-to-end Unclaimed Property services follow a four-step process. Each of the steps is fully customizable and also available as an individual service.
- Check against the Social Security Death Master File
- Claim validation
- Claim adjudication
- Reporting requirements
Our dedicated Unclaimed Property unit thoroughly researches, validates and documents your findings in accordance with state mandates. Our services can be deployed rapidly, and they do not require you to use a CSC insurance administration platform. Find out how quickly and easily you can establish and maintain compliance.
