This Bill shadows the Dormant Accounts Act in providing that life companies must take all reasonable steps to identify and contact the owners of unclaimed life policies. It is open to question what is reasonable in this regard but we can rest assured it is in the interests of insurance undertakings to pull out all the stops to reach their customers in circumstances where they will lose the underlying funds, yet still have to administer the policies if they fail to trace the owners. Therefore, the Bill is essentially a consumer protection measure, designed to protect property rights of individuals.