§ 10-412
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/md/insurance/10-412A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–412.
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 federally insured in the public adjuster’s home state or where the loss occurred.