W. Va. Code R. § 112-16-10

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 112-16-10 - Holder paying claim

10.1. In the event a holder pays a claim to an owner for property previously paid to the administrator, the holder may file a request for reimbursement with the administrator. The administrator will verify the payment is for property previously reported and paid. The holder shall provide the documentation requested by the administrator and then the administrator shall reimburse the holder within ninety (90) days of the date the administrator verifies the amount due the holder.

10.2. The administrator shall remit any earnings on the owner's account to the owner paid by the holder.