Escrow of funds

Wis. Stat. § 629.08
in effect
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A public adjuster who, on behalf of an insured, receives, accepts, or holds any funds for the settlement of a first-party claim shall deposit the funds in a noninterest-bearing escrow account in a federally insured financial institution that is located in the state in which the insured resides or the loss occurred.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/629.08Fetched: 10/7/2026