Illinois Statutes
§ 1580 — Escrow or trust accounts
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XLV - Public Adjusters
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 1580 (Escrow or trust accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 96-1332, eff. 1-1-11.)
Nearby Sections
15
§ 15.10
§ 15.10§ 15.11
§ 15.11§ 15.13
(Repealed)§ 15.15
§ 15.15§ 15.2
§ 15.2§ 15.20
Post-parturition care§ 15.3
§ 15.3§ 15.4
§ 15.4