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North Carolina General Statutes Chapter 58. Insurance § 58-33A-70. Escrow or trust accounts

Current as of January 01, 2023 | Updated by Findlaw Staff

A public adjuster who receives, accepts, or holds any funds on behalf of an insured, toward 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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 58. Insurance § 58-33A-70. Escrow or trust accounts - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-58-insurance/nc-gen-st-sect-58-33a-70/

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