Unclaimed life insurance benefits.

HB 29 requires Wyoming life insurance companies and annuity providers to check their records against a death master file (like the Social Security Death Master File) at least twice yearly to identify deceased policyholders. Insurers must then confirm deaths using other records, determine if benefits are due, and make good-faith efforts to locate beneficiaries - without charging fees - for claims processing. If beneficiaries cannot be found, the benefits (including accrued interest) become unclaimed property and are transferred to the state under Wyoming's Unclaimed Property Act. The bill excludes certain group policies, such as those under federal employee benefit plans or ERISA-covered plans.