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Funds that a public adjuster holds.

Utah Code § 31A-26-404
in effect
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31A-26-404. Funds that a public adjuster holds. A public adjuster that receives, accepts, or holds funds on behalf of an insured shall deposit the funds into a trust account within a federally insured depository institution that: (1) (a) has a branch in this state, if the public adjuster depositing the money is a resident licensee; (b) has a branch in the public adjuster's home state, if the public adjuster is a nonresident licensee; or (c) has a branch where the loss occurred; and (2) the depository institution's primary regulator authorizes to engage in trust business. Enacted by Chapter 45, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter26/31A-26-S404.html?v=C31A-26-S404_2026050620260506Fetched: 10/26/2026

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