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2018 Idaho Statutes
Title 41 - INSURANCE
Chapter 58 - PUBLIC ADJUSTER LICENSING ACT
Section 41-5816 - ESCROW OR TRUST ACCOUNTS.
Universal Citation: ID Code § 41-5816 (2018)
41-5816. ESCROW OR TRUST ACCOUNTS. A public adjuster who receives, accepts or holds any funds on behalf of an insured, towards the settlement of a claim for loss or damage, shall deposit the funds in a noninterest bearing escrow or trust account in a financial institution that is insured by an agency of the federal government in the public adjuster’s home state or where the loss occurred.
History:
[41-5816, added 2008, ch. 179, sec. 1, p. 541.]
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