§ 58-33A-70. (Effective July 1, 2010) Escrow or trust accounts.
§ 58‑33A‑70. (Effective July 1, 2010) Escrow or trust accounts.
A public adjuster whoreceives, accepts, or holds any funds on behalf of an insured, toward thesettlement of a claim for loss or damage, shall deposit the funds in anoninterest‑bearing escrow or trust account in a financial institutionthat is insured by an agency of the federal government in the public adjuster'shome state or where the loss occurred. (2009‑565, s. 1.)