Unclaimed money for Vets stirs ire; Nevada considers options
It seems millions of dollars in unclaimed money for vets remains unclaimed.The money, which typically represents life-insurance policy payouts or dividend checks and premium refunds that were mailed to policyholders, will be held indefinitely by the Department of Veterans’ Affairs if it remains unclaimed.
The move comes as a number of states are considering laws that would avoid such problems.
In Nevada, state lawmakers are considering legislation that would identify and notify state residents qualifying for such payments. Over the course of 2010, nearly 100 people were notified of upwards of $4.5 million owed.
Key Nevada lawmakers say they plan to raise the issue in the 2011 session of the Legislatu
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