Delaware Administrative Code
Title 18 - Insurance
500 - Agents, Brokers, Solicitors, and Consultants
505 - Fiduciary Fund Requirements for Insurance Producers
Section 505-3.0 - Definitions

The following words and terms, when used in this regulation, shall have the following meaning unless the context clearly indicates otherwise:

"Anti-commingling" is when the agent is required to keep premium monies in a separate account from the agency's capital, operating or other monies.

"Commingling" is the act of maintaining all fiduciary funds and some or all of the agency's other funds in a single banking account.

"Fiduciary capacity" is the position of a person who acts on behalf of another in matters involving property or money. The term implies a position of trust and power in which confidence is placed and responsibility and good faith are required.