Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.06.02 - PRODUCERS HANDLING OF FIDUCIARY FUNDS
Section 18.06.02.015 - DEPOSIT OF OTHER FUNDS IN ACCOUNT

Universal Citation: ID Admin Code 18.06.02.015

Current through August 31, 2023

A producer may deposit other additional funds for the sole purpose of: (3-31-22)

01. Reserves for Return Premiums. Establishing reserves for payment of return premiums. (3-31-22)

02. Funds to Pay Bank Charges. Advancing funds sufficient to pay bank charges. (3-31-22)

03. Contingencies. For any contingencies that may arise in the business of receiving and transmitting premium or return premium funds or cash collateral (any such deposit is hereinafter referred to as "voluntary deposit"). (3-31-22)

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