Idaho Admin. Code r. 18.06.02.015

Current through September 2, 2024

Section 18.06.02.015 - DEPOSITING OTHER FUNDS IN FIDUCIARY ACCOUNT-VOLUNTARY DEPOSITS

A producer may deposit other additional funds for the sole purpose of:

01.Reserves. Establishing reserves for payment of return premiums.

02.Bank Charges. Advancing funds sufficient to pay bank charges.

03.Contingencies. For any contingencies that may arise in the business of receiving, transmitting or returning premium funds or cash collateral.

Idaho Admin. Code r. 18.06.02.015

Effective July 1, 2024