While the vast majority of unclaimed property is due to be reported before November 1, many holders, especially insurance companies, will also need to file a report in the spring, before May 1. A handful of jurisdictions require all holders to file their unclaimed property reports in the spring, notably Vermont, Connecticut, Pennsylvania, and Florida.
Further down the road are the outlier states of Texas and Michigan, with July 1 filing deadlines for all companies. Owner notice letters (also known as “due diligence letters”) should go out by May 1 for these states.
Also this spring… the annual Unclaimed Property Professionals Organization conference has been online-only for the past two years, so we are looking forward to reconnecting in-person with our friends in the unclaimed property professional community March 27 – 30 in Orlando, Florida! Proper hygiene and masking protocols will be followed.
UPPO offers an excellent opportunity to keep up to date with trends in the unclaimed property world, with plenty of chances to connect with leading industry professionals in both the private and public sector. You’ll also be able to visit our booth for a product demonstration of the premier unclaimed property software, FSITrack! Our Senior VP of Product, Corky Cootes, as well as our Senior VP of Sales and Marketing, Luke Forrest, will be in attendance. Hope to see you there!