Section 12937 Of Article 1. Generally From California Insurance Code >> Division 3. >> Chapter 2. >> Article 1.
12937
. (a) Escheated funds deposited in the Insurance Fund pursuant
to subdivision (b) of Section 1517 of the Code of Civil Procedure
shall be available for expenditure by the commissioner to fund
proceedings and to pay expenses on nonasseted estates for which
liabilities have been or will be incurred.
(b) A policyholder who was entitled to funds described in
subdivision (a) pursuant to an order of distribution and who has not
previously received an appropriate distribution may submit a claim to
the commissioner. The commissioner shall pay the claim from the
escheated funds deposited in the Insurance Fund pursuant to
subdivision (a) upon verification that the claim is valid.
(c) The department shall not be required to conduct outreach
programs to attempt to locate policyholders described in subdivision
(b).