Georgia § 33-23-43-6 Funds held in fiduciary capacity; authorization for disclosure

Georgia Statutes

§ 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.

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(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.

Georgia § 33-23-43-6 (Funds held in fiduciary capacity; authorization for disclosure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.