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Minn. Stat. § 72B.136

Escrow or Trust Accounts

Minnesota · Minnesota Statutes Chapter 72B — Insurance Adjusters · Status: effective

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Minn. Stat. § 72B.136, Escrow or Trust Accounts, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1698950
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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.