Insurance Journal's Academy of Insurance

Insurance Journal

Huge Summer Sale!!
50% off all On-Demand Courses using coupon code "IJA50"

You have no items in your shopping cart.

Chris Marinescu

Chris Marinescu

Owner and Developer of Insurance Trust Accounting Technology

President of Paulmar Group LLC, Software Developer and Trust Accounting Service Provider Company

California Department of Insurance- approved Class Instructor
Author of several published articles by Insurance Journal and other outlets on insurance trust accounting and financial management

Master Degree in Civil/Structural Engineering and Engineering Economics

 

1 Item(s)

per page

Set Descending Direction

Insurance Fiduciary Duty and Trust Accounts

$129.00
Add to Cart +

P&C insurance agents & brokers are mandated by state laws to receive transacted premiums in a fiduciary capacity, that is, not as owners but "trustees" or "custodians" of premium funds. Fiduciary relationship of independent agents and brokers with the owners of premium funds defines the essence of insurance fiduciary duty. Premiums and return premiums must be maintained in a "trust" bank account, separate from the agency business operating funds, and be disbursed only to their legal owners.

Available On Demand

Learn More

1 Item(s)

per page

Set Descending Direction