4 Meaning of “dormant” in relation to eligible insurance proceeds
Dormant Assets Act 2022 (2022 c 5) | Legislation

4  Meaning of “dormant” in relation to eligible insurance proceeds

(1)     For the purposes of this Act eligible insurance proceeds are “dormant” at a particular time if any of the following four conditions are met at that time.

(2)     The first condition is that the responsible institution—

(a)     has been notified that the person in respect of whom the proceeds are payable has died, and

(b)     is satisfied that there is no person to whom the proceeds are payable.

(3)     The second

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