Ga. Code § 33-23-43.6

Current through 2023-2024 Legislative Session Chapter 709
Section 33-23-43.6 - Funds held in fiduciary capacity; authorization for disclosure
(a) All funds received as claim proceeds by an adjuster acting as a public adjuster are received and held by such adjuster in a fiduciary capacity. Such adjuster shall not divert or misappropriate fiduciary funds received or held.
(b) An applicant for a license to act as a public adjuster shall, as part of the application, endorse an authorization for disclosure to the Commissioner of all financial records of any funds such adjuster holds and will hold as a fiduciary. The authorization continues in force and effect for as long as such adjuster continues to be licensed under this article.

OCGA § 33-23-43.6

Added by 2021 Ga. Laws 185,§ 4, eff. 7/1/2021.