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Escrow or trust accounts

NMSA 1978, § 59A-13-16
in effect
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59A-13-16. Escrow or trust accounts A public adjuster who receives, accepts or holds any funds on behalf of an insured toward 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. Laws 2017, ch. 76, § 10.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-13-16Fetched: 10/20/2026

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