W. Va. Code R. § 114-25-13

Current through Register Vol. XLI, No. 49, December 6, 2024

Section 114-25-13 - Escrow or Trust Accounts

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