Laws of North Carolina (Last Updated: May 12, 2015)

§58-33A-70. Escrow or trust accounts

Latest version.

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.)

                    
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