Md. Code, Ins. § 10-412
Current with changes from the 2024 Legislative Session
A public adjuster who receives, accepts, or holds any funds on behalf of an insured toward 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 federally insured in the public adjuster's home state or where the loss occurred.
Md. Code, IN § 10-412