# Mass. Gen. Laws ch. 200A, sec. 5A: Insurance proceeds; presumption of abandonment > Massachusetts · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5A ## Section - **Citation:** Mass. Gen. Laws ch. 200A, sec. 5A - **Heading:** Insurance proceeds; presumption of abandonment - **Jurisdiction:** Massachusetts - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** MA Code / Part II / Title II / Chapter 200A / Section 5A ## Text Section 5A. (a) Subject to the provisions of section one A, funds held or owing by a life insurance company under any life or endowment insurance policy or annuity contract which has matured or terminated shall be presumed abandoned if unclaimed and unpaid for more than three years after the funds became due and payable as established from the records of the company. (b) If a person other than the insured or annuitant is entitled to the funds and no address of such person is known to the company or if it is not definite and certain from the records of the company what person is entitled to the funds, it is presumed that the last known address of the person entitled to the funds is the same as the last known address of the insured or annuitant according to the records of the company. This presumption is a presumption affecting the burden of proof. (c) A life insurance policy not matured by actual proof of the death of the insured according to the records of the company is deemed to be matured and the proceeds due and payable if:— (1) the insured has attained, or would have attained if he were living, the limiting age under the mortality table on which the reserve is based; (2) the policy was in force at the time the insured attained, or would have attained, the limiting age specified in paragraph (1); and, (3) neither the insured nor any other person appearing to have an interest in the policy has within the preceding three years, according to the records of the company (i) assigned, readjusted, or paid premiums on the policy, (ii) subjected the policy to loan, or (iii) corresponded in writing with the life insurance company concerning the policy. (d) Any funds otherwise payable according to the records of the company are deemed due and payable although the policy or contract has not been surrendered as required. Section 5A. (a) Subject to the provisions of section one A, funds held or owing by a life insurance company under any life or endowment insurance policy or annuity contract which has matured or terminated shall be presumed abandoned if unclaimed and unpaid for more than three years after the funds became due and payable as established from the records of the company. (b) If a person other than the insured or annuitant is entitled to the funds and no address of such person is known to the company or if it is not definite and certain from the records of the company what person is entitled to the funds, it is presumed that the last known address of the person entitled to the funds is the same as the last known address of the insured or annuitant according to the records of the company. This presumption is a presumption affecting the burden of proof. (c) A life insurance policy not matured by actual proof of the death of the insured according to the records of the company is deemed to be matured and the proceeds due and payable if:— (1) the insured has attained, or would have attained if he were living, the limiting age under the mortality table on which the reserve is based; (2) the policy was in force at the time the insured attained, or would have attained, the limiting age specified in paragraph (1); and, (3) neither the insured nor any other person appearing to have an interest in the policy has within the preceding three years, according to the records of the company (i) assigned, readjusted, or paid premiums on the policy, (ii) subjected the policy to loan, or (iii) corresponded in writing with the life insurance company concerning the policy. (d) Any funds otherwise payable according to the records of the company are deemed due and payable although the policy or contract has not been surrendered as required. ## Nearby sections - [Mass. Gen. Laws ch. 200A, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S1.md) - [Mass. Gen. Laws ch. 200A, sec. 1A Intangible personal property; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S1A.md) - [Mass. Gen. Laws ch. 200A, sec. 2 Property; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S2.md) - [Mass. Gen. Laws ch. 200A, sec. 3 Property on deposit; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3.md) - [Mass. Gen. Laws ch. 200A, sec. 3A Automatically renewable abandonment periods](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3A.md) - [Mass. Gen. Laws ch. 200A, sec. 4 Property deposited as security; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S4.md) - [Mass. Gen. Laws ch. 200A, sec. 5 Dividends, stock, bonds, etc.; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5.md) - [Mass. Gen. Laws ch. 200A, sec. 5A Insurance proceeds; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5A.md) - [Mass. Gen. Laws ch. 200A, sec. 5B Dividends, etc. of business associations; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5B.md) - [Mass. Gen. Laws ch. 200A, sec. 5C Employee benefit trust distributions; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5C.md) - [Mass. Gen. Laws ch. 200A, sec. 5D Gift certificates; validity; expiration; redemption](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5D.md) - [Mass. Gen. Laws ch. 200A, sec. 6 Money paid into court; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6.md) - [Mass. Gen. Laws ch. 200A, sec. 6A Property distributable upon dissolution or liquidation; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6A.md) - [Mass. Gen. Laws ch. 200A, sec. 6B Traveler's checks and other written instruments; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6B.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5A. Check the current official text before relying on it. Not legal advice.