Section 18.06.02.014 - DEPOSIT AND REMITTANCE TIMING01.Payable to an Insurer. Fiduciary funds that are in the form of a check or another negotiable instrument, made payable to an insurer, are to be remitted to the insurer within the time period specified in the producers contract, or if not specified, then within fourteen (14) days of receipt.02.Payable to a Policyholder. Fiduciary funds that are in the form of a check or another negotiable instrument made payable to a policyholder or claimant are to be remitted to that person within fourteen (14) days of receipt or as specified by the terms insurance policy language, the insurer, or applicable law.03.All Other. All other fiduciary funds received by the producer, except as described under Subsections 014.01 and 014.02 are to be deposited into a fiduciary fund account as follows: a. Cash: within seven (7) days of receipt, except when the amount exceeds two thousand dollars ($2,000), then such funds will be deposited within three (3) business days.b. Checks, money orders, other negotiable instruments, debit or credit card payments, or other electronic funds transfer: within seven (7) days of receipt.04.Documentation of Fiduciary Funds. A producer will document the receipt of funds by recording date received, the payee, and the amount received.For cash, including cash collateral, the producer will give the payor a detailed receipt at the time of payment indicating cash was received, date received, amount received, payor's name, payee's name, purpose of payment, and any other information important to the transaction. The producer will maintain the receipt for at least five (5) years.Idaho Admin. Code r. 18.06.02.014