APEARS®
The insurance industry faces increased scrutiny following the high-profile John Hancock settlement, raising uncertainty around compliance. CCC’s patented Abandoned Property Escheat Assignment & Reporting System (APEARS®) eliminates guesswork by using fuzzy matching to the SSA Death Master File (DMF) to identify deceased individuals with over 99% accuracy. APEARS® exceeds compliance standards under GRAs, RSAs, and state laws, including NY’s Reg-200, and has been proven effective in major insurance demutualization.
With over 50 years of data expertise, we cleanse and match your records to the SSA DMF, identifying true decedents while minimizing manual effort through ranked determinations. We also enhance accuracy by leveraging supplemental deceased data, determining escheat jurisdictions, and linking accounts across business lines with Transfer Agent-approved algorithms.
Features
Deceased Determination and Verification
Quickly and accurately identifying decedents allows holders to meet reporting requirements, speeds the resolution process, and improves the ability to contact beneficiaries in lieu of policy proceeds being transferred to the states.
- Reviews insured, owner and beneficiary records using data in holder’s books and records
- Utilizes the state mandated Social Security Administration’s Death Master File
- Scans additional databases of military death records sourced from government archives
- Employs supplemental name and address deceased verification, with optional GLB regulated data
- Incorporates over 500 confidence levels incorporating state approved matching logic
- Features customizable logic tailors output to state and holder requirements
- Optimized to identify specific groups of confirmed or potentially deceased annuitants
- Exceeds all defined state standards and reduces known gaps in SSA’s DMF reliability
Address Rehabilitation
Escheat Jurisdiction Determination
Why Cross Country Computer?
Please Note: Cross Country Computer does not provide services to consumers. We provide solutions to help businesses identify and handle unclaimed property. If you are a policy owner or a potential beneficiary that is searching for lost property, please contact your state unclaimed property department or visit www.missingmoney.com.
