44-319. Insurance producer or surplus lines licensee; fiduciary duties.
71 words·~1 min read·
/ne/chapter-44/44-319A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every person acting as an insurance producer or surplus lines licensee in this state shall be responsible in a fiduciary capacity for all funds received or collected as an insurance producer or surplus lines licensee. Nothing in this section shall be construed to require any person to maintain a separate bank deposit if the funds of each principal are clearly ascertainable from the books of accounts and records of that person.