1078                              LAWS OF MARYLAND                        [CH. 611

(ii) Unclaimed funds as used in this subsection, means all moneys
held and owing by any life insurance corporation unclaimed and un-
paid for more than fifteen years after the moneys become due and
payable as established from the records of the corporation under any
life or endowment insurance policy or annuity contract which has
matured or terminated. A life insurance policy not matured by actual
proof of the death of the insured is deemed to be matured and the
proceeds thereof are deemed to be due and payable if such policy
was in force when the insured attained the limiting age under the
mortality table on which the reserve is based, unless the person ap-
pearing entitled thereto has within the preceding fifteen years:

(A)  Assigned, readjusted, or paid premiums on the policy, or
subjected the policy to loan, or

(B)  Corresponded in writing with the life insurance corpora-
tion concerning the policy.

(b)  Insurance Other than Life Insurance.

(i) Unclaimed funds as defined in this subsection, held and owing
by a fire, casualty or surety insurance corporation shall be presumed
abandoned if the last known address according to the records of the
corporation, of the person entitled to the funds is within this State.
If a person other than the insured, the principal, or the claimant is
entitled to the funds and no address of such person is known to the
corporation or if it is not definite and certain from the records of
the corporation 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, the principal, or
the claimant according to the records of the corporation.

(ii) "Unclaimed funds" as used in this subsection, means all
moneys held and owing by any fire, casualty or surety insurance
corporation unclaimed and unpaid for more than fifteen years after
the moneys become due and payable as established from the records
of the corporation either to an insured, a principal, or a claimant
under any fire, casualty or surety insurance policy or contract.

(c)  Moneys otherwise payable according to the records of the cor-
poration are deemed due and payable although the policy or contract
has not been surrendered as required.

4. (a) The following funds held or owing by any utility are pre-
sumed abandoned:

(b)  Any deposit made by a subscriber with a utility to secure pay-
ment for, or any sum paid in advance for, utility services to be
furnished in this State, less any lawful deduction, that has remained
unclaimed by the person appearing on the records of the utility en-
titled thereto for more than fifteen years after the termination of
the services for which the deposit or advance payment was made.

(c)  Any sum which a utility has been ordered to refund and
which was received for utility services rendered in this State, to-
gether with any interest thereon, less any lawful deductions, that
has remained unclaimed by the person appearing on the records of
the utility entitled thereto for more than fifteen years after the date
it became payable in accordance with the final determination or rider
providing for the refund.