Idaho Code § 41-5816

Current through Chapter 330 of the 2024 Regular Legislative Session
Section 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.

Idaho Code § 41-5816

[41-5816, added 2008, ch. 179, sec. 1, p. 541.]