Effective 5/6/2026
31A-26-404.  Funds that a public adjuster holds.
A public adjuster that receives, accepts, or holds funds on behalf of an insured shall deposit the funds into a trust account within a federally insured depository institution that:

(1)	(a) has a branch in this state, if the public adjuster depositing the money is a resident licensee; (b) has a branch in the public adjuster's home state, if the public adjuster is a nonresident licensee; or (c) has a branch where the loss occurred; and

(2)	the depository institution's primary regulator authorizes to engage in trust business.

Enacted by Chapter 45, 2026 General Session