(2) The insurance company shall presume 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 if:

1. (a) a person other than the insured or annuitant is entitled to the funds and an address of the person is not known to the company; or
2. (b) it is not definite and certain from the records of the company who is entitled to the funds.

(3) For purposes of this section, a life or endowment insurance policy or annuity contract not matured by actual proof of the death of the insured or annuitant according to the records of the company is matured and the proceeds are due and payable if the company:

1. (a) knows that the insured or annuitant has died; or

2. (b) determines that:

   1. (i) the insured has attained, or would have attained if living, the limiting age under the mortality table on which the reserve is based;
   2. (ii) the policy was in force at the time the insured attained, or would have attained, the limiting age specified under Subsection (3)(b)(i); and

   3. (iii) according to the records of the company, neither the insured nor any other person appearing to have an interest in the policy has, within the last two years:

      1. (A) assigned, readjusted, or paid premiums on the policy;
      2. (B) subjected the policy to a loan;
      3. (C) corresponded in writing with the company concerning the policy; or
      4. (D) otherwise indicated an interest in the policy as evidenced by a memorandum or other record on file prepared by an employee of the company.