Illinois Statutes
§ 1580 — Escrow or trust accounts
Illinois § 1580
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XLV - Public Adjusters
This text of Illinois § 1580 (Escrow or trust accounts) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 1580 (2026).
Text
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.
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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(Repealed)§ 15.15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
§ 15.4Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 1580, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/1580.