W. Va. Code R. § 112-16-12

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

Section 112-16-12 - Requests for Reports and Examination of Records

12.1. The administrator shall notify the holder in writing ten (10) days prior to an examination of the holder's records, conducted pursuant to § 36-8-20 of the UUPA. The administrator may waive the ten-day notice, prior to performing an examination, if the administrator determines that the existence of the records may be in jeopardy by use of the advance notice provision.

12.2. The administrator may require a holder to report and pay unclaimed property that the administrator reasonably estimates is due based upon the examination of the records or by any other reasonable method of estimation. Any other reasonable method of estimation shall not include a determination of ownership interests or prices, unless the holder has made no reports.