Delaware Administrative Code
Title 18 - Insurance
500 - Agents, Brokers, Solicitors, and Consultants
505 - Fiduciary Fund Requirements for Insurance Producers
Section 505-10.0 - Deposit of Premiums Collected from Insureds
Universal Citation: 18 DE Admin Code 505-10.0
Current through Register Vol. 28, No. 3, September 1, 2024
A producer may deposit premiums collected from insureds in an interest bearing account when the producer is not required to make an immediate remittance to the entity of premium moneys, if the moneys are not placed in an account upon which a penalty may be levied against the principal for early withdrawal and/or if the moneys are placed in an account insured by the United States government or instruments secured by the Unites States government.
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