N.Y. Abandoned Property Law § 707: Reimbursement for claims paid by insurers

§ 707. Reimbursement for claims paid by insurers. Any life insurance

corporation which has paid to the state comptroller moneys deemed

abandoned property pursuant to the provisions of this article may make

payment to any person entitled to all or any part thereof and shall

thereby acquire all of the rights of such person to payment by the state

comptroller.