§ 10–412
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 10-412 (2026)
Title 10. Regulation of Insurance Professions
Subtitle 4. Public Adjusters
§ 10–412LinkCopy Citation
A public adjuster who receives, accepts, or holds any funds on behalf of an insured toward the settlement of a claim for loss or damage shall deposit the funds in a noninterest–bearing escrow or trust account in a financial institution that is federally insured in the public adjuster’s home state or where the loss occurred.