5/6/2026Enacted by Chapter 45, 2026 General Session2026Funds 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:has a branch in this state, if the public adjuster depositing the money is a resident licensee;has a branch in the public adjuster's home state, if the public adjuster is a nonresident licensee; orhas a branch where the loss occurred; andthe depository institution's primary regulator authorizes to engage in trust business.