Depositing Other Funds In Fiduciary Account-Voluntary Deposits

A producer may deposit other additional funds for the sole purpose of: (7-1-24) 01. Reserves. Establishing reserves for payment of return premiums. (7-1-24) 02. Bank Charges. Advancing funds sufficient to pay bank charges. (7-1-24) 03. Contingencies. For any contingencies that may arise in the business of receiving, transmitting or returning premium funds or cash collateral. (7-1-24)