Idaho § 41-5816 - Escrow or trust accounts
Full text of Idaho Idaho Statutes § 41-5816 — Escrow or trust accounts, with citation guidance and answers to common questions.
§ 41-5816. Escrow or trust accounts
A public adjuster who receives, accepts or holds any funds on behalf of an insured, towards the settlement of a claim for loss or damage, shall deposit the funds in a noninterest bearing escrow or trust account in a financial institution that is insured by an agency of the federal government in the public adjuster’s home state or where the loss occurred.
[41-5816, added 2008, ch. 179, sec. 1, p. 541.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-5816
What does Idaho Statutes § 41-5816 cover?
Section 41-5816 ("Escrow or trust accounts") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-5816?
A common citation format is "Idaho Statutes § 41-5816" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-5816 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.