Delaware Administrative Code
Title 18 - Insurance
500 - Agents, Brokers, Solicitors, and Consultants
505 - Fiduciary Fund Requirements for Insurance Producers
Section 505-7.0 - Mingling of Premium Funds, when permitted
Universal Citation: 18 DE Admin Code 505-7.0
Current through Register Vol. 28, No. 3, September 1, 2024
7.1 Insurance producers who have the express written consent of their entities to mingle premium moneys with their own funds may do so if the following exists:
7.1.1 Monies held in a fiduciary capacity are reasonably ascertainable from the books of accounts and records of the producers.
7.1.2 Amounts due entities are equal to or less than the combined accounts receivable and current bank balances.
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