Delaware Administrative Code
Title 18 - Insurance
2000 - Premium Finance Companies
2001 - Insurance Premium Finance Companies
Section 2001-12.0 - Licensee as Fiduciary
Universal Citation: 18 DE Admin Code 2001-12.0
Current through Register Vol. 28, No. 3, September 1, 2024
All payments less any commissions and fees tendered to a licensee are to be considered fiduciary funds held in trust for the insured and not in trust for the insurance company insofar as unearned premiums, fees and charges are concerned if the same are not directly owed to the licensee.
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