(A) Except as provided in division (B) of this section, a presumption of the death of a person arises:
(1) When the person has disappeared and been continuously absent from his place of last domicile for a five-year period without being heard from during the period;
(2) When the person has disappeared and been continuously absent from his place of last domicile without being heard from and was at the beginning of his absence exposed to a specific peril of death, even though the absence has continued for less than a five-year period.
(B) When a person who is on active duty in the armed services of the United States has been officially determined to be absent in a status of "missing" or "missing in action," a presumption of death arises when the head of the federal department concerned has made a finding of death pursuant to the "Federal Missing Persons Act," 80 Stat. 625 (1966), 37 U.S.C. 551, as amended and hereafter amended.
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