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.
2009 c 63 s 58,78
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 72B — Insurance Adjusters
Section 72B.01 — Purpose And Scope.
Section 72B.041 — Resident Adjuster License Procedure And Requirements; Examinations; Fees.
Section 72B.045 — Continuing Education.
Section 72B.05 — Nonresidents.
Section 72B.055 — Multiple Peril Crop Insurance Adjustments.
Section 72B.06 — Catastrophe Or Emergency Situations.
Section 72B.08 — Denial, Suspension And Revocation Of Licenses.
Section 72B.091 — Damage Appraisals; Adjustments; Duties Of Appraisers, Adjusters, And Insurers.
Section 72B.092 — Motor Vehicle Insurance Adjustments; Prohibitions.
Section 72B.10 — Staff Adjusters.
Section 72B.105 — Records Of Independent Adjusters To Be Retained.
Section 72B.106 — Standards Of Conduct Of Independent Adjusters.
Section 72B.107 — Reporting Of Actions Of Adjuster.
Section 72B.11 — Production Of Records.
Section 72B.13 — Acting Within Contract And Law.