Delaware Administrative Code
Title 18 - Insurance
500 - Agents, Brokers, Solicitors, and Consultants
505 - Fiduciary Fund Requirements for Insurance Producers
Section 505-9.0 - Operating and Premium Accounts, Requirements
Universal Citation: 18 DE Admin Code 505-9.0
Current through Register Vol. 28, No. 3, September 1, 2024
When both an operating and a premium account are maintained by producers under this section for purposes of segregating premiums collected, the premium account balance shall include funds sufficient to pay premiums collected and any amount delinquent or in dispute with the entity represented. Upon reconciliation of delinquent or disputed accounts, excess moneys remaining in the premium bank account may be withdrawn as if they had been voluntary deposits.
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