58-33A-70. Escrow or trust accounts.
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. (2009-565, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 33A - Public Adjusters.
§ 58-33A-1 - Purpose and scope.
§ 58-33A-10 - License required.
§ 58-33A-15 - Application for license.
§ 58-33A-20 - Resident license.
§ 58-33A-30 - Exemptions from examination.
§ 58-33A-35 - Nonresident license reciprocity.
§ 58-33A-45 - License denial, nonrenewal, or revocation.
§ 58-33A-50 - Bond or letter of credit.
§ 58-33A-55 - Continuing education.
§ 58-33A-60 - Public adjuster fees.
§ 58-33A-65 - Contract between public adjuster and insured.
§ 58-33A-70 - Escrow or trust accounts.
§ 58-33A-75 - Record retention.
§ 58-33A-80 - Standards of conduct of public adjusters.