Iowa Admin. Code r. 191-55.15 - Escrow accounts

A public adjuster who receives, accepts or holds, on behalf of an insured, any funds toward 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.

Notes

Iowa Admin. Code r. 191-55.15
Amended by IAB November 4, 2020/Volume XLIII, Number 10, effective 12/9/2020 Amended by IAB December 29, 2021/Volume XLIV, Number 13, effective 2/2/2022

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