Minn. Stat. § 72B.136

Current through Register Vol. 49, No. 8, August 19, 2024
Section 72B.136 - 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 non-interest-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.

Minn. Stat. § 72B.136

2009 c 63s 58, 78